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

Key Points

• Kawasaki Heavy Industries shares fell below their fifty-day moving average of $26.08, last trading at $26.28 with a volume of 19,571 shares.
• CLSA upgraded the stock to a "hold" rating, with the overall average rating remaining at "hold" according to MarketBeat.com.
• The company reported a disappointing quarterly EPS of $0.07, missing estimates of $0.33, with revenues significantly lower than analysts' expectations.

Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $26.08 and traded as low as $26.08. Kawasaki Heavy Industries shares last traded at $26.28, with a volume of 19,571 shares trading hands.

Analyst Ratings Changes

Separately, CLSA upgraded shares of Kawasaki Heavy Industries to a "hold" rating in a research report on Thursday, June 19th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Kawasaki Heavy Industries Trading Up 3.8%

The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.47. The firm has a market cap of $11.01 billion, a PE ratio of 21.72 and a beta of 0.88. The company's 50-day moving average is $26.08 and its 200 day moving average is $26.13.

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 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 analysts' expectations 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.

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