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

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.98, but opened at $7.34. Kawasaki Heavy Industries shares last traded at $7.2250, with a volume of 1,495 shares trading hands.

Analyst Ratings Changes

KWHIY has been the topic of several recent analyst reports. Zacks Research lowered Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. The Goldman Sachs Group cut Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kawasaki Heavy Industries Stock Performance

The stock has a fifty day moving average of $11.13 and a 200-day moving average of $26.82. The firm has a market capitalization of $14.78 billion, a P/E ratio of 20.35 and a beta of 0.71. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.

Kawasaki Heavy Industries Company Profile

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.