IHI (OTCMKTS:IHICY) Shares Gap Down – Should You Sell?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $22.4840, but opened at $20.00. IHI shares last traded at $19.88, with a volume of 8,528 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

IHI Stock Performance

The firm has a fifty day moving average of $23.72 and a 200 day moving average of $24.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 29.89 and a beta of 0.76.

IHI (OTCMKTS:IHICY) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.