Kawasaki Heavy Industries (OTCMKTS:KWHIY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Kawasaki Heavy Industries saw unusually high trading activity with about 51,780 shares changing hands and the stock down roughly 2.4% to $39.50 from a prior close of $40.98.
• Zacks Research downgraded the stock from a "strong-buy" to a "hold," and the consensus rating on MarketBeat is currently Hold.
• The company beat quarterly EPS estimates ($0.68 vs. $0.28) but missed on revenue ($3.60B vs. $3.79B), reporting a 13.4% return on equity and a 4.74% net margin.

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 51,780 shares were traded during trading, a decline of 14% from the previous session's volume of 60,157 shares.The stock last traded at $39.50 and had previously closed at $40.98.

Analyst Upgrades and Downgrades

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, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Kawasaki Heavy Industries Trading Down 2.4%

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 firm has a market cap of $16.75 billion, a price-to-earnings ratio of 23.12 and a beta of 0.63. The firm's fifty day moving average is $40.70 and its 200-day moving average is $32.66.

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

About Kawasaki Heavy Industries

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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