IHI (OTCMKTS:IHICY) Hits New 1-Year High – Time to Buy?

IHI CORP (OTCMKTS:IHICY) reached a new 52-week high during trading on Thursday . The stock traded as high as $22.13 and last traded at $22.09, with a volume of 27436 shares traded. The stock had previously closed at $19.41.

IHI Price Performance

The firm has a 50 day moving average price of $25.35 and a 200 day moving average price of $24.58. The stock has a market cap of $23.92 billion, a P/E ratio of 33.33 and a beta of 0.77. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70.

IHI (OTCMKTS:IHICY) last issued its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.

About IHI

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.