Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Here’s What Happened

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $27.88, but opened at $25.88. Kawasaki Heavy Industries shares last traded at $27.26, with a volume of 11,462 shares.

Analysts Set New Price Targets

Separately, CLSA upgraded Kawasaki Heavy Industries to a “hold” rating in a report on Thursday, June 19th.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.68. The company’s 50-day moving average price is $27.50 and its two-hundred day moving average price is $23.16. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 19.48 and a beta of 0.83.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Friday, May 9th. The industrial products company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Kawasaki Heavy Industries had a return on equity of 12.69% and a net margin of 4.11%. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $5.09 billion.

Kawasaki Heavy Industries Company Profile

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.