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

Key Points

• Shares gapped up — Kawasaki stock opened at $43.55 after a $41.03 close and was last around $41.90 with about 9,571 shares trading.
• Zacks downgraded the name from "strong-buy" to "hold," and the MarketBeat consensus rating is currently an average "Hold."
• Quarterly results were mixed — EPS beat at $0.68 versus $0.28 expected while revenue missed ($3.60B vs. $3.79B); the company has a market cap of about $17.56B and a P/E of 24.24.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $41.03, but opened at $43.55. Kawasaki Heavy Industries shares last traded at $41.90, with a volume of 9,571 shares trading hands.

Wall Street Analyst Weigh In

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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kawasaki Heavy Industries has an average rating of "Hold".

Kawasaki Heavy Industries Price Performance

The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 24.24 and a beta of 0.62. The company's 50 day moving average is $37.90 and its 200 day moving average is $30.92. The company has a quick ratio of 0.66, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.65%. 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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