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

Ihi Corp (OTCMKTS:IHICY) gapped up prior to trading on Friday . The stock had previously closed at $15.36, but opened at $16.30. IHI shares last traded at $16.05, with a volume of 3,889 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

IHI Price Performance

The stock’s 50-day moving average is $18.93 and its 200-day moving average is $20.88. The firm has a market cap of $17.37 billion, a P/E ratio of 17.25 and a beta of 0.62. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

IHI (OTCMKTS:IHICY) last announced its earnings results on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The company 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.