Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down - Here's Why

Key Points

• Kawasaki Heavy Industries shares gapped down from a previous close of $28.07 to an opening price of $26.87, and last traded at $27.51 with a trading volume of 2,939 shares.
• The company reported earnings of $0.07 per share for the last quarter, missing the consensus estimate of $0.33 by $0.26, with revenue of $3.31 billion versus an expectation of $460 billion.
• CLSA has upgraded Kawasaki Heavy Industries to a "hold" rating, reflecting a cautious optimism about the stock following recent trading activity.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $28.07, but opened at $26.87. Kawasaki Heavy Industries shares last traded at $27.51, with a volume of 2,939 shares trading hands.

Analyst Ratings Changes

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

Kawasaki Heavy Industries Stock Performance

The stock has a 50 day moving average price of $28.88 and a two-hundred day moving average price of $25.20. The company has a current ratio of 1.10, a quick ratio of 0.68 and a debt-to-equity ratio of 0.50. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 22.15 and a beta of 0.87.

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 the consensus estimate of $0.33 by ($0.26). The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $460 billion. Kawasaki Heavy Industries had a return on equity of 11.01% and a net margin of 3.49%.

Kawasaki Heavy Industries Company Profile

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.