IHI (OTCMKTS:IHICY) Sees Strong Trading Volume – Here’s Why

Ihi Corp (OTCMKTS:IHICY) shares saw an uptick in trading volume on Tuesday . 249,262 shares were traded during trading, an increase of 125% from the previous session’s volume of 110,778 shares.The stock last traded at $23.5350 and had previously closed at $23.2130.

Wall Street Analysts Forecast Growth

IHICY has been the topic of a number of research reports. The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Zacks Research downgraded IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

IHI Stock Down 0.2%

The company has a market capitalization of $25.09 billion, a PE ratio of 34.95 and a beta of 0.70. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a 50 day simple moving average of $19.24 and a two-hundred day simple moving average of $22.86.

About IHI

IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.