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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Wednesday . The stock had previously closed at $8.0160, but opened at $8.95. Kawasaki Heavy Industries shares last traded at $8.63, with a volume of 15,484 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Two 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 Up 6.3%

The firm has a market capitalization of $3.57 billion, a P/E ratio of 4.93 and a beta of 0.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12. The business’s fifty day moving average price is $41.19 and its two-hundred day moving average price is $33.12.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.40%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 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.