Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• Kawasaki Heavy Industries' stock price surpassed its 50-day moving average, indicating positive momentum, as shares reached a high of $27.10 during recent trading.
• Wall Street analysts have given the stock a consensus rating of "Hold," with CLSA mentioning this upgrade on June 19.
• The company's recent earnings report revealed a loss of $0.07 EPS, significantly missing analysts' expectations of $0.33 EPS, alongside a revenue of $3.31 billion.

Shares of 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 $26.58 and traded as high as $27.10. Kawasaki Heavy Industries shares last traded at $26.29, with a volume of 24,760 shares trading hands.

Wall Street Analyst Weigh In

Separately, CLSA raised Kawasaki Heavy Industries to a "hold" rating in a research note on Thursday, June 19th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, 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 business has a 50 day moving average price of $26.58 and a 200-day moving average price of $26.10. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 21.73 and a beta of 0.88.

Kawasaki Heavy Industries (OTCMKTS:KWHIY - Get Free Report) last issued its 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 firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $460 billion. Kawasaki Heavy Industries had a net margin of 3.49% and a return on equity of 10.50%.

Kawasaki Heavy Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.