Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• Kawasaki Heavy Industries' stock price fell below its 200-day moving average of $25.96, trading as low as $25.69 before closing at $25.90.
• The company reported a loss of $0.26 per share for the last quarter, with actual earnings of $0.07 compared to an estimate of $0.33.
• CLSA recently upgraded the stock to a "hold" rating, while the overall consensus is an average rating of "Hold" from analysts.

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.96 and traded as low as $25.69. Kawasaki Heavy Industries shares last traded at $25.90, with a volume of 137,375 shares.

Analyst Upgrades and Downgrades

Separately, CLSA raised Kawasaki Heavy Industries to a "hold" rating in a report on Thursday, June 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Kawasaki Heavy Industries Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.67 and a current ratio of 1.14. The firm has a market capitalization of $11.09 billion, a P/E ratio of 21.88 and a beta of 0.88. The business has a 50 day simple moving average of $27.03 and a two-hundred day simple moving average of $26.02.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate 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.