Iochpe-Maxion SA (OTCMKTS:IOCJY) Short Interest Update

Iochpe-Maxion SA (OTCMKTS:IOCJY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,000 shares, an increase of ∞ from the August 15th total of 0 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 293 shares, the short-interest ratio is presently 3.4 days.

Analyst Ratings Changes

Separately, Bradesco Corretora downgraded Iochpe-Maxion to a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Iochpe-Maxion Stock Performance

Shares of Iochpe-Maxion stock opened at $0.65 on Tuesday. The stock has a market capitalization of $301.21 million, a PE ratio of 16.33 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.73 and a quick ratio of 1.11. The company’s fifty day simple moving average is $0.54 and its 200-day simple moving average is $0.55. Iochpe-Maxion has a 1-year low of $0.48 and a 1-year high of $0.74.

Iochpe-Maxion (OTCMKTS:IOCJY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $778.82 million during the quarter, compared to analyst estimates of $784.78 million. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. As a group, equities analysts anticipate that Iochpe-Maxion will post 0.09 earnings per share for the current year.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components, serving vehicle producers and commercial transportation companies worldwide. The company develops and manufactures wheels, structural components, and other assemblies used in passenger vehicles, trucks, buses, trailers, and agricultural and off-highway equipment.

Its operations are organized primarily through Maxion Wheels, which produces steel and aluminum wheels, and Maxion Structural Components, which manufactures chassis and structural parts.