IHI (OTCMKTS:IHICY) Shares Down 6.2% – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s share price fell 6.2% during trading on Wednesday . The company traded as low as $18.77 and last traded at $18.77. 1,286 shares were traded during trading, a decline of 95% from the average session volume of 23,896 shares. The stock had previously closed at $20.00.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

IHI Stock Down 1.1%

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15. The stock’s fifty day simple moving average is $23.24 and its two-hundred day simple moving average is $25.01. The stock has a market capitalization of $20.31 billion, a P/E ratio of 28.29 and a beta of 0.76.

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.