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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) saw unusually-strong trading volume on Wednesday . Approximately 49,865 shares traded hands during trading, an increase of 28% from the previous session’s volume of 38,978 shares.The stock last traded at $29.6750 and had previously closed at $29.70.

Kawasaki Heavy Industries Price Performance

The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $28.18 and its 200 day moving average is $27.63. The company has a market cap of $12.44 billion, a P/E ratio of 19.42 and a beta of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.36 billion. Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.

About Kawasaki Heavy Industries

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.