Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 1-Year High – What’s Next?
by Scott Moore · The Cerbat GemKawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $35.99 and last traded at $35.1150, with a volume of 8533 shares changing hands. The stock had previously closed at $35.00.
Analyst Ratings Changes
Separately, Zacks Research raised shares of Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.
Check Out Our Latest Analysis on KWHIY
Kawasaki Heavy Industries Stock Performance
The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 23.21 and a beta of 0.70. The stock’s 50 day moving average price is $28.55 and its 200 day moving average price is $27.87. The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47.
Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last released its 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). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.36 billion. Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.50%.
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.