Kawasaki Heavy Industries (OTCMKTS:KWHIY) Trading Up 6.4% – Time to Buy?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) traded up 6.4% during trading on Tuesday . The stock traded as high as $8.77 and last traded at $8.70. 5,287 shares traded hands during trading, a decline of 98% from the average session volume of 294,784 shares. The stock had previously closed at $8.18.

Analysts Set New Price Targets

Separately, Zacks Research cut 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 data from MarketBeat, the stock has a consensus rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67. The firm has a market capitalization of $18.01 billion, a PE ratio of 24.80 and a beta of 0.74. The business’s 50 day moving average is $26.39 and its two-hundred day moving average is $30.35.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 billion.

Kawasaki Heavy Industries Company Profile

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.