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

Key Points

• Kawasaki Heavy Industries' stock gapped down from a previous close of $26.16 to open at $25.00 and last traded at $25.90, indicating a significant drop in early trading.
• Despite the recent decline, analysts have a positive outlook with a consensus rating of "Buy," where one analyst has rated it a Strong Buy and another a Hold.
• The company's quarterly earnings reveal a miss on expectations, reporting only $0.07 earnings per share against a consensus of $0.33, alongside a net margin of 3.49% and revenue of $3.31 billion.

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $26.16, but opened at $25.00. Kawasaki Heavy Industries shares last traded at $25.90, with a volume of 2,467 shares trading hands.

Wall Street Analyst Weigh In

Separately, CLSA upgraded shares of Kawasaki Heavy Industries to a "hold" rating in a report on Thursday, June 19th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy".

Kawasaki Heavy Industries Trading Up 0.3%

The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 20.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.68 and a current ratio of 1.14. The company's 50 day simple moving average is $28.37 and its two-hundred day simple moving average is $25.48.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $460 billion.

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.