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

Key Points

• Shares gapped down — Kawasaki Heavy Industries opened at $38.20 after closing at $40.4250 and was last at $38.41, about a 4.3% decline on volume of 7,136 shares.
• Zacks Research downgraded the stock from "strong-buy" to "hold," and MarketBeat shows an average rating of "Hold" (two analysts rated it Hold).
• Kawasaki reported quarterly EPS of $0.68, beating estimates of $0.28, while revenue missed at $3.60 billion versus $3.79 billion expected.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $40.4250, but opened at $38.20. Kawasaki Heavy Industries shares last traded at $38.41, with a volume of 7,136 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Kawasaki Heavy Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Kawasaki Heavy Industries presently has an average rating of "Hold".

Kawasaki Heavy Industries Trading Down 4.3%

The stock has a fifty day moving average of $40.26 and a 200 day moving average of $32.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12. The company has a market capitalization of $16.20 billion, a PE ratio of 22.36 and a beta of 0.63.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.