Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Kawasaki Heavy Industries crossed below its 200-day moving average; the 200-day MA is $31.71 while the stock traded as low as $7.85 and last at $7.95 on volume of 231,549 shares.
• Zacks Research downgraded the stock from "strong-buy" to "hold," and MarketBeat shows a consensus rating of Hold (two analysts).
• The company beat EPS estimates ($0.68 vs. $0.28) but missed revenue expectations ($3.60B vs. $3.79B); its market cap is $16.69B with a P/E of 22.98 and modest liquidity (current ratio 1.12, quick ratio 0.67).

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.71 and traded as low as $7.85. Kawasaki Heavy Industries shares last traded at $7.95, with a volume of 231,549 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Kawasaki Heavy Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Kawasaki Heavy Industries currently has a consensus rating of "Hold".

Kawasaki Heavy Industries Price Performance

The business's 50-day moving average is $34.62 and its two-hundred day moving average is $31.71. The company has a market capitalization of $16.69 billion, a P/E ratio of 22.98 and a beta of 0.71. The company has a quick ratio of 0.67, a current ratio of 1.12 and a debt-to-equity ratio of 0.40.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.40. Kawasaki Heavy Industries had a return on equity of 13.40% and a net margin of 4.74%.The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion.

About Kawasaki Heavy Industries

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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