Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Up 8% – Here’s Why
by Amy Steele · The Cerbat GemShares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) shot up 8% during mid-day trading on Wednesday . The stock traded as high as $8.20 and last traded at $8.1950. 6,392 shares traded hands during trading, a decline of 98% from the average session volume of 278,924 shares. The stock had previously closed at $7.59.
Wall Street Analyst Weigh In
Several brokerages have issued reports on KWHIY. The Goldman Sachs Group downgraded shares of Kawasaki Heavy Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
View Our Latest Research Report on KWHIY
Kawasaki Heavy Industries Trading Up 8.0%
The company has a debt-to-equity ratio of 0.40, a current ratio of 1.12 and a quick ratio of 0.67. The business’s 50-day moving average price is $9.14 and its two-hundred day moving average price is $26.43. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 23.70 and a beta of 0.71.
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.