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

Key Points

• Kawasaki Heavy Industries shares gapped down from a previous close of $24.82 to open at $23.56, later trading at $24.78 with a volume of 1,591 shares.
• The company recently reported $0.07 earnings per share for the quarter, significantly missing analysts' expectations of $0.33.
• CLSA has upgraded the stock's rating to a "hold", and the average rating for Kawasaki Heavy Industries is currently a "Buy."

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $24.82, but opened at $23.56. Kawasaki Heavy Industries shares last traded at $24.78, with a volume of 1,591 shares trading hands.

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 investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kawasaki Heavy Industries presently has a consensus rating of "Hold".

Kawasaki Heavy Industries Price Performance

The company has a market capitalization of $10.57 billion, a PE ratio of 20.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.67. The company's 50 day simple moving average is $27.29 and its 200 day simple moving average is $25.88.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.26). The company had revenue of $3.31 billion during the quarter, compared to analysts' expectations of $460 billion. Kawasaki Heavy Industries had a net margin of 3.49% and a return on equity of 10.50%.

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.