Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Large Volume Increase - Time to Buy?

Key Points

• Trading volume jumped 75% as 502,786 shares changed hands on Thursday, with the stock up slightly to $8.3152 from a prior close of $8.12, signaling increased investor activity.
• Zacks downgraded Kawasaki from a "strong-buy" to a "hold," and the stock's consensus analyst rating is now "Hold" (two analysts).
• The company beat EPS expectations ($0.68 vs. $0.28) but missed revenue forecasts ($3.60B vs. $3.79B); Kawasaki has a market cap of $17.4B and a P/E of about 24.0.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares saw strong trading volume on Thursday . 502,786 shares traded hands during trading, an increase of 75% from the previous session's volume of 287,487 shares.The stock last traded at $8.3152 and had previously closed at $8.12.

Analysts Set New Price Targets

Separately, Zacks Research cut Kawasaki Heavy Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Kawasaki Heavy Industries Stock Performance

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 stock has a market cap of $17.40 billion, a price-to-earnings ratio of 23.96 and a beta of 0.74. The firm has a fifty day moving average of $28.59 and a 200 day moving average of $30.73.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The firm had revenue of $3.60 billion during the quarter, compared to analysts' expectations of $3.79 billion.

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.

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