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

Key Points

• Kawasaki Heavy Industries' shares gapped down from a previous closing price of $25.49 to an opening price of $24.28 before last trading at $25.52 with a volume of 2,335 shares.
• Analysts have given the company a "hold" rating, with one research firm, CLSA, upgrading their assessment in June, while the average rating remains at "hold".
• The company reported earnings per share (EPS) of $0.07, significantly missing consensus estimates of $0.33, alongside revenue of $3.31 billion for the quarter.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $25.49, but opened at $24.28. Kawasaki Heavy Industries shares last traded at $25.52, with a volume of 2,335 shares traded.

Wall Street Analysts Forecast Growth

Separately, CLSA raised shares of Kawasaki Heavy Industries to a "hold" rating in a report on Thursday, June 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".

Kawasaki Heavy Industries Trading Down 1.2%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14. The company has a market capitalization of $10.55 billion, a price-to-earnings ratio of 20.82 and a beta of 0.88. The business's 50-day simple moving average is $26.74 and its 200-day simple moving average is $26.10.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.26). Kawasaki Heavy Industries had a net margin of 3.49% and a return on equity of 10.50%. The business had revenue of $3.31 billion for the quarter, compared to analyst estimates of $460 billion.

About Kawasaki Heavy Industries

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.

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