Kawasaki Heavy Industries (OTCMKTS:KWHIY) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• Kawasaki Heavy Industries shares have crossed above the 50-day moving average, indicating potential bullish momentum, with the stock last trading at $30.56.
• Analysts at CLSA upgraded Kawasaki Heavy Industries to a "hold" rating, reflecting a cautious but positive sentiment about the company's future performance.
• The company reported earnings of $0.69 per share, exceeding analysts' expectations, despite having lower revenue than anticipated at $4.98 billion.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.91 and traded as high as $31.35. Kawasaki Heavy Industries shares last traded at $30.56, with a volume of 7,437 shares changing hands.

Analysts Set New Price Targets

Separately, CLSA upgraded Kawasaki Heavy Industries to a "hold" rating in a research note on Thursday, June 19th.

Kawasaki Heavy Industries Stock Down 1.1%

The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 24.66 and a beta of 0.87. The stock has a fifty day moving average of $29.06 and a two-hundred day moving average of $24.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.68.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.26). Kawasaki Heavy Industries had a return on equity of 11.01% and a net margin of 3.49%. 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.