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

by · The Cerbat Gem

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $6.98, but opened at $7.34. Kawasaki Heavy Industries shares last traded at $7.2250, with a volume of 1,495 shares traded.

Analysts Set New Price Targets

KWHIY has been the subject of several research analyst reports. The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Zacks Research cut Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, Kawasaki Heavy Industries has a consensus rating of “Hold”.

Read Our Latest Stock Report on KWHIY

Kawasaki Heavy Industries Price Performance

The firm has a 50-day moving average of $12.34 and a 200-day moving average of $27.08. The stock has a market cap of $14.92 billion, a PE ratio of 20.55 and a beta of 0.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67.

Kawasaki Heavy Industries Company Profile

(Get Free Report)

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.

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