IHI (OTCMKTS:IHICY) Shares Gap Down – Time to Sell?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $20.12, but opened at $18.33. IHI shares last traded at $18.33, with a volume of 5,203 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

IHI Stock Down 9.0%

The firm has a market cap of $19.83 billion, a P/E ratio of 26.16 and a beta of 0.66. The business’s fifty day moving average price is $21.90 and its two-hundred day moving average price is $21.34. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62.

IHI (OTCMKTS:IHICY) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $2.70 billion for the quarter.

IHI Company Profile

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.