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

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up before the market opened on Tuesday . The stock had previously closed at $7.21, but opened at $7.55. Kawasaki Heavy Industries shares last traded at $7.61, with a volume of 2,472 shares trading hands.

Analysts Set New Price Targets

Several analysts have recently commented on KWHIY shares. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Zacks Research downgraded 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, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Up 5.3%

The firm has a market capitalization of $15.95 billion, a PE ratio of 21.97 and a beta of 0.71. The business’s 50 day simple moving average is $9.79 and its 200 day simple moving average is $26.56. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40.

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.