Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – What’s Next?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.26, but opened at $6.64. Kawasaki Heavy Industries shares last traded at $6.73, with a volume of 52,582 shares.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Kawasaki Heavy Industries currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 19.34 and a beta of 0.71. The company has a current ratio of 1.15, a quick ratio of 0.73 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $7.72 and a 200-day simple moving average of $25.06.

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.