Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down - What's Next?

Key Points

• Kawasaki Heavy Industries shares gapped down from $28.60 at the close to open at $27.23, with a trading volume of 311 shares.
• Analysts at CLSA upgraded Kawasaki Heavy Industries to a "hold" rating, signaling a shift in market outlook.
• In the last earnings report, Kawasaki Heavy Industries surpassed earnings estimates with $0.69 EPS, but revenue fell short of expectations at $4.98 billion compared to the forecast of $5.09 billion.

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $28.60, but opened at $27.23. Kawasaki Heavy Industries shares last traded at $27.23, with a volume of 311 shares.

Analysts Set New Price Targets

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

Kawasaki Heavy Industries Price Performance

The firm has a market capitalization of $12.28 billion, a P/E ratio of 21.24 and a beta of 0.83. The business has a fifty day moving average of $28.60 and a 200-day moving average of $24.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.68 and a current ratio of 1.10.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last released its earnings results on Friday, May 9th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $5.09 billion. Kawasaki Heavy Industries had a return on equity of 12.69% and a net margin of 4.11%.

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.