Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Price Up 8.4% - Should You Buy?

Key Points

• Stock jumped ~8.4% to $41.05 from a $37.86 close, but the move came on very light volume (2,656 shares vs. a 59,923 average).
• Kawasaki reported EPS $0.68, beating estimates by $0.40 while quarterly revenue of $3.60B trailed estimates of $3.79B; the company has a $17.12B market cap and a PE of 23.64.
• Zacks Research recently downgraded the stock from "strong-buy" to "hold," and the consensus rating on MarketBeat is currently "Hold."

Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY - Get Free Report)'s stock price traded up 8.4% during trading on Wednesday . The stock traded as high as $41.05 and last traded at $41.05. 2,656 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 59,923 shares. The stock had previously closed at $37.86.

Wall Street Analysts Forecast Growth

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

Kawasaki Heavy Industries Trading Up 8.0%

The company has a market cap of $17.12 billion, a PE ratio of 23.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.67 and a current ratio of 1.12. The company has a 50 day simple moving average of $40.62 and a two-hundred day simple moving average of $32.60.

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

Kawasaki Heavy Industries Company Profile

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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