Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Kawasaki Heavy Industries experienced a significant spike in trading volume, with approximately 126,060 shares traded, marking a 269% increase compared to the previous session.
• CLSA upgraded the stock to a "hold" rating, contributing to an average rating of "hold" from analysts on MarketBeat.
• The company reported a net margin of 3.49% in its recent quarterly earnings, significantly missing consensus EPS estimates.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) saw strong trading volume on Friday . 126,060 shares were traded during mid-day trading, an increase of 269% from the previous session's volume of 34,164 shares.The stock last traded at $25.94 and had previously closed at $25.15.

Analyst Upgrades and Downgrades

Separately, CLSA raised Kawasaki Heavy Industries to a "hold" rating in a research report on Thursday, June 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold".

Kawasaki Heavy Industries Stock Up 2.4%

The firm's 50 day moving average price is $27.03 and its two-hundred day moving average price is $26.02. The firm has a market capitalization of $11.11 billion, a PE ratio of 21.93 and a beta of 0.88. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.26). Kawasaki Heavy Industries had a return on equity of 10.50% and a net margin of 3.49%.The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $460 billion.

About Kawasaki Heavy Industries

Kawasaki Heavy Industries, Ltd. engages in aerospace systems, energy solution and marine engineering, precision machinery and robot, rolling stock, and motorcycle and engine businesses in Japan and internationally. It manufactures aircraft for the Japan ministry of defense; helicopters; and helicopter and jet engines for commercial aircrafts.