Kawasaki Heavy Industries (OTCMKTS:KWHIY) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Kawasaki Heavy Industries, Ltd. (OTCMKTS:KWHIY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $15.36 and traded as low as $14.93. Kawasaki Heavy Industries shares last traded at $15.35, with a volume of 2,172 shares trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Kawasaki Heavy Industries to a “strong-buy” rating in a report on Thursday, September 12th.

Kawasaki Heavy Industries Stock Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.63. The firm has a 50 day moving average price of $15.36 and a 200 day moving average price of $14.54.

Kawasaki Heavy Industries (OTCMKTS:KWHIY) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.24 earnings per share for the quarter. The business had revenue of $2.85 billion for the quarter. Kawasaki Heavy Industries had a net margin of 1.60% and a return on equity of 4.81%. On average, equities analysts predict that Kawasaki Heavy Industries, Ltd. will post 1.52 EPS for the current fiscal year.

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.