Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – What’s Next?

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Monday . The stock had previously closed at $7.79, but opened at $7.45. Kawasaki Heavy Industries shares last traded at $7.4150, with a volume of 18,828 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KWHIY shares. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The stock’s fifty day moving average is $23.47 and its two-hundred day moving average is $29.73. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 21.36 and a beta of 0.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12.

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.