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Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Unusually-High Trading Volume - Here's What Happened

Kawasaki Heavy Industries logo with Industrials background

Key Points

  • Kawasaki Heavy Industries experienced a significant increase in trading volume, with 211,194 shares traded, marking a 570% increase from the previous session.
  • Despite this surge in trading, the stock price declined by 2.5% to $29.22 after closing at $29.84.
  • Analysts at CLSA upgraded the stock to a "hold" rating amid concerns, following disappointing quarterly earnings where the company reported $0.07 EPS, missing estimates by $0.26.
  • Looking to export and analyze Kawasaki Heavy Industries data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 211,194 shares changed hands during trading, an increase of 570% from the previous session's volume of 31,525 shares.The stock last traded at $29.22 and had previously closed at $29.84.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded shares of Kawasaki Heavy Industries to a "hold" rating in a research note on Thursday, June 19th.

View Our Latest Stock Report on Kawasaki Heavy Industries

Kawasaki Heavy Industries Stock Performance

The company's fifty day simple moving average is $28.98 and its 200 day simple moving average is $25.12. The firm has a market capitalization of $11.61 billion, a PE ratio of 22.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.68.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.26). Kawasaki Heavy Industries had a return on equity of 11.01% and a net margin of 3.49%. The company had revenue of $3.31 billion for the quarter, compared to analysts' expectations of $460 billion.

Kawasaki Heavy Industries Company Profile

(Get Free Report)

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.

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