Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Up – Time to Buy?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $28.10, but opened at $29.60. Kawasaki Heavy Industries shares last traded at $28.57, with a volume of 1,498 shares changing hands.

Kawasaki Heavy Industries Trading Down 0.3%

The stock has a market cap of $11.99 billion, a P/E ratio of 18.71 and a beta of 0.83. The stock’s 50-day moving average is $28.31 and its two-hundred day moving average is $27.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.66.

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

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.