Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped down prior to trading on Thursday . The stock had previously closed at $29.50, but opened at $28.00. Kawasaki Heavy Industries shares last traded at $28.55, with a volume of 5,041 shares changing hands.

Kawasaki Heavy Industries Price Performance

The stock’s 50-day moving average is $28.24 and its 200 day moving average is $27.80. The stock has a market capitalization of $11.79 billion, a PE ratio of 18.40 and a beta of 0.83. The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

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). Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.36 billion.

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.