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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.66, but opened at $8.28. Kawasaki Heavy Industries shares last traded at $8.68, with a volume of 5,030 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Kawasaki Heavy Industries Price Performance

The stock has a market capitalization of $18.72 billion, a P/E ratio of 25.78 and a beta of 0.71. The business has a fifty day simple moving average of $38.65 and a 200-day simple moving average of $32.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last posted its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.79 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.