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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Wednesday . The stock had previously closed at $35.27, but opened at $37.86. Kawasaki Heavy Industries shares last traded at $36.6550, with a volume of 13,583 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Stock Down 3.8%

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The company has a market cap of $13.90 billion, a PE ratio of 21.70 and a beta of 0.70. The company has a fifty day moving average price of $29.03 and a 200 day moving average price of $28.02.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly 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 the consensus estimate 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.