Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Down 10.7% – Should You Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares were down 10.7% on Friday . The stock traded as low as $32.9550 and last traded at $32.9550. Approximately 999 shares changed hands during trading, a decline of 98% from the average daily volume of 42,814 shares. The stock had previously closed at $36.90.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kawasaki Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Kawasaki Heavy Industries Trading Down 3.8%

The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $29.15 and its two-hundred day moving average price is $28.06. The firm has a market cap of $13.90 billion, a PE ratio of 21.70 and a beta of 0.70.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its earnings results on Tuesday, November 11th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). Kawasaki Heavy Industries had a return on equity of 12.50% and a net margin of 4.26%.The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.36 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.