IHI (OTCMKTS:IHICY) Shares Gap Down – What’s Next?

Ihi Corp (OTCMKTS:IHICY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $18.58, but opened at $17.6350. IHI shares last traded at $17.70, with a volume of 22,599 shares changing hands.

Wall Street Analysts Forecast Growth

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

IHI Price Performance

The business’s 50-day simple moving average is $19.62 and its 200 day simple moving average is $20.98. The company has a market capitalization of $18.68 billion, a P/E ratio of 18.55 and a beta of 0.66. 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 posted its quarterly earnings data on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $3.28 billion during the quarter.

About IHI

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.