Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Strong Trading Volume – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares saw an uptick in trading volume on Wednesday. 1,609,726 shares changed hands during mid-day trading, an increase of 467% from the previous session’s volume of 284,014 shares. The stock last traded at $5.97 and had previously closed at $5.93.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein began coverage on Kawasaki Heavy Industries in a report on Tuesday, September 15th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kawasaki Heavy Industries presently has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16. The stock has a market cap of $12.61 billion, a P/E ratio of 22.12 and a beta of 0.81. The firm has a 50 day moving average of $6.40 and a two-hundred day moving average of $9.80.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last announced its earnings results on Friday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer that develops and produces transportation equipment, industrial machinery, and infrastructure systems. Its activities include aerospace products, railway vehicles, ships and marine equipment, energy systems, hydraulic machinery, industrial robots, and motorcycles and engines.

The company supplies commercial and defense aerospace systems, including aircraft structures and components, and manufactures rolling stock for rail networks in Japan and international markets.