Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Gap Down - Time to Sell?

Key Points

• Kawasaki shares gapped down at the open from $8.66 to $8.28, last trading at $8.68 on light volume (5,030 shares) and were reported down about 1.2%.
• Zacks Research downgraded the stock from "strong-buy" to "hold," leaving an average consensus rating of "Hold" from two analysts.
• The company beat EPS estimates ($0.68 vs. $0.28) but missed revenue expectations ($3.60B vs. $3.79B); net margin was 4.74% and ROE 13.4%.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $8.66, but opened at $8.28. Kawasaki Heavy Industries shares last traded at $8.68, with a volume of 5,030 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Kawasaki Heavy Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".

Kawasaki Heavy Industries Stock Down 1.2%

The business's fifty day moving average price is $39.69 and its 200 day moving average price is $32.74. The company has a market capitalization of $17.97 billion, a P/E ratio of 24.74 and a beta of 0.71. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.40.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.79 billion.

Kawasaki Heavy Industries Company Profile

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.

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