Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Down 4.6% – Here’s Why

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) dropped 4.6% during mid-day trading on Wednesday . The company traded as low as $8.49 and last traded at $8.51. Approximately 40,193 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 281,734 shares. The stock had previously closed at $8.92.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Down 4.5%

The company has a market cap of $17.87 billion, a P/E ratio of 24.61 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40. The firm’s 50 day moving average price is $38.65 and its 200-day moving average price is $32.50.

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

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.