Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down – Time to Sell?

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) gapped down prior to trading on Tuesday. The stock had previously closed at $5.71, but opened at $5.49. Kawasaki Heavy Industries shares last traded at $5.74, with a volume of 2,318 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein assumed coverage on Kawasaki Heavy Industries in a report on Tuesday, September 15th. They set a “hold” rating for the company. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Down 0.8%

The company has a market capitalization of $12.42 billion, a P/E ratio of 21.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 0.70. The company has a 50 day moving average of $6.20 and a 200-day moving average of $8.20.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last released its quarterly earnings results on Friday, August 7th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The business had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.33 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. is a Japanese industrial manufacturer with operations spanning transportation equipment, aerospace, energy and environmental systems, industrial machinery, and marine products. The company serves government, commercial, and industrial customers through a portfolio that includes ships, rail cars, aircraft and aerospace components, gas turbines, hydraulic equipment, industrial robots, and infrastructure systems.

Kawasaki is also associated with motorcycles and recreational products through its powersports business, which develops and sells motorcycles, all-terrain vehicles, utility vehicles, and related engines.