Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Up 5.4% – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price was up 5.4% on Tuesday . The company traded as high as $29.45 and last traded at $29.45. Approximately 5,733 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 34,760 shares. The stock had previously closed at $27.94.

Kawasaki Heavy Industries Price Performance

The stock has a 50 day moving average of $27.61 and a two-hundred day moving average of $27.67. The stock has a market cap of $12.29 billion, a PE ratio of 19.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly 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). Kawasaki Heavy Industries had a net margin of 4.26% and a return on equity of 12.92%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.36 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.