IHI (OTCMKTS:IHICY) Stock Price Down 7.6% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY) dropped 7.6% during trading on Thursday . The company traded as low as $17.1650 and last traded at $17.1650. Approximately 4,782 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 105,168 shares. The stock had previously closed at $18.58.

Wall Street Analyst Weigh In

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

IHI Trading Down 2.7%

The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $19.75 and a 200 day moving average of $21.00. The company has a market cap of $18.66 billion, a P/E ratio of 18.53 and a beta of 0.66.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.46 earnings per share for the quarter. The firm had revenue of $3.28 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.