Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Time to Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $41.03, but opened at $43.55. Kawasaki Heavy Industries shares last traded at $41.90, with a volume of 9,571 shares changing hands.

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Trading Up 2.2%

The firm’s 50-day simple moving average is $37.90 and its 200 day simple moving average is $30.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 24.24 and a beta of 0.62.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.65% and a net margin of 4.74%.The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion.

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.