IHI (OTCMKTS:IHICY) Trading Down 6.4% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICYGet Free Report)’s share price traded down 6.4% during mid-day trading on Thursday . The stock traded as low as $17.20 and last traded at $17.23. Approximately 2,207 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 109,120 shares. The stock had previously closed at $18.41.

IHI Stock Performance

The company has a market cap of $18.62 billion, a price-to-earnings ratio of 16.70 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 0.81. The stock has a 50-day moving average price of $17.37 and a 200 day moving average price of $20.03.

IHI (OTCMKTS:IHICYGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $2.35 billion for the quarter.

About IHI

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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.

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