Iochpe-Maxion (OTCMKTS:IOCJY) Shares Up 0.5% – What’s Next?

Iochpe-Maxion SA (OTCMKTS:IOCJY)’s share price shot up 0.5% during trading on Thursday . The stock traded as high as $0.6030 and last traded at $0.6030. 500 shares were traded during mid-day trading, The stock had previously closed at $0.60.

Iochpe-Maxion Stock Up 0.5%

The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.06 and a current ratio of 1.74. The firm has a market capitalization of $278.08 million, a PE ratio of 8.61 and a beta of 0.71. The firm’s 50-day moving average is $0.58 and its 200 day moving average is $0.68.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $717.14 million during the quarter, compared to analysts’ expectations of $718.39 million. Iochpe-Maxion had a net margin of 1.28% and a return on equity of 4.09%. As a group, research analysts forecast that Iochpe-Maxion SA will post 0.09 earnings per share for the current fiscal year.

Iochpe-Maxion Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, October 13th will be paid a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a dividend yield of 208.0%. Iochpe-Maxion’s dividend payout ratio (DPR) is presently 28.57%.

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.