IHI (OTCMKTS:IHICY) Reaches New 12-Month High – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) hit a new 52-week high during trading on Wednesday . The company traded as high as $24.56 and last traded at $24.56, with a volume of 15912 shares. The stock had previously closed at $23.54.

Analysts Set New Price Targets

IHICY has been the subject of several research reports. Zacks Research lowered shares of IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. The Goldman Sachs Group downgraded shares of IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

IHI Stock Up 4.5%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19. The stock’s 50-day moving average price is $19.93 and its two-hundred day moving average price is $22.77. The stock has a market capitalization of $26.63 billion, a PE ratio of 37.10 and a beta of 0.68.

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.