Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 12-Month Low – Should You Sell?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.98 and last traded at $4.9995, with a volume of 260,486 shares traded. The stock had previously closed at $5.35.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein started coverage on Kawasaki Heavy Industries in a report on Tuesday, September 15th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Down 7.5%

The company has a fifty day simple moving average of $5.89 and a 200-day simple moving average of $16.08. The company has a quick ratio of 0.70, a current ratio of 1.16 and a debt-to-equity ratio of 0.38. The firm has a market cap of $10.85 billion, a P/E ratio of 19.04 and a beta of 0.95.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings data on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.