Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Here’s Why

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped up prior to trading on Friday . The stock had previously closed at $44.11, but opened at $46.70. Kawasaki Heavy Industries shares last traded at $46.70, with a volume of 478 shares changing hands.

Analyst Upgrades and Downgrades

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

Kawasaki Heavy Industries Stock Up 5.0%

The company has a current ratio of 1.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 26.94 and a beta of 0.69. The stock’s 50-day moving average is $34.52 and its 200-day moving average is $29.71.

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 for the quarter, beating the consensus estimate of $0.28 by $0.40. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.79 billion. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.65%.

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.