Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Still a Buy?
by Renee Jackson · The Cerbat GemKawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.28, but opened at $7.75. Kawasaki Heavy Industries shares last traded at $8.03, with a volume of 18,561 shares changing hands.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. The Goldman Sachs Group cut shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Zacks Research cut shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.
View Our Latest Research Report on Kawasaki Heavy Industries
Kawasaki Heavy Industries Stock Up 9.2%
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 simple moving average is $21.45 and its 200-day simple moving average is $29.22. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 22.98 and a beta of 0.74.
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.