Iochpe-Maxion (OTCMKTS:IOCJY) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Iochpe-Maxion S.A. (OTCMKTS:IOCJY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.54 and traded as high as $0.56. Iochpe-Maxion shares last traded at $0.56, with a volume of 0 shares trading hands.

Iochpe-Maxion Price Performance

The stock has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.73. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.05 and a current ratio of 1.56.

Iochpe-Maxion (OTCMKTS:IOCJY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.04 earnings per share (EPS) for the quarter. Iochpe-Maxion had a net margin of 1.23% and a return on equity of 4.22%. The firm had revenue of $718.21 million for the quarter. On average, research analysts anticipate that Iochpe-Maxion S.A. will post 0.09 EPS for the current fiscal year.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.