Kawasaki Heavy Industries (OTCMKTS:KWHIY) Hits New 52-Week Low – Here’s Why

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s stock price hit a new 52-week low on Friday. The stock traded as low as $4.5710 and last traded at $4.58, with a volume of 8,037 shares. The stock had previously closed at $5.01.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein started coverage on shares of Kawasaki Heavy Industries in a report on Tuesday, September 15th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Kawasaki Heavy Industries Stock Down 8.9%

The company has a market capitalization of $9.91 billion, a PE ratio of 17.38 and a beta of 0.95. The company’s fifty day moving average is $5.74 and its 200-day moving average is $15.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.70 and a current ratio of 1.16.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings results on Tuesday, November 10th. The industrial products company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.45 billion.

Kawasaki Heavy Industries Company Profile

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with roots in shipbuilding. Founded by Shozo Kawasaki in 1896, the company has expanded into a range of transportation, machinery, and energy-related businesses. Its products and services include aircraft and aircraft engines, helicopters, railway vehicles, ships and marine equipment, gas turbines and other energy systems, industrial robots, and hydraulic machinery. The company also makes motorcycles, personal watercraft, all-terrain vehicles, and general-purpose engines.