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

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 changing hands.

Analysts Set New Price Targets

Separately, CLSA raised shares of 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 given a Hold rating to the company. Based on data from MarketBeat.com, Kawasaki Heavy Industries currently has a consensus rating of "Buy".

Kawasaki Heavy Industries Stock Down 3.2%

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 stock's 50-day simple moving average is $28.88 and its 200-day simple moving average is $25.20. The firm has a market capitalization of $10.86 billion, a P/E ratio of 21.44 and a beta of 0.87.

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

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.