Kawasaki Heavy Industries (OTCMKTS:KWHIY) Trading Up 13% – Still a Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price was up 13% during trading on Tuesday . The stock traded as high as $8.59 and last traded at $8.5420. Approximately 50,213 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 286,443 shares. The stock had previously closed at $7.56.

Analyst Ratings Changes

A number of brokerages have commented on KWHIY. Zacks Research lowered Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. The Goldman Sachs Group lowered Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The firm’s fifty day moving average price is $18.14 and its 200 day moving average price is $28.38. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $16.54 billion, a PE ratio of 22.77 and a beta of 0.74.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.

In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.