IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s Why

Shares of Ihi Corp (OTCMKTS:IHICY) gapped down before the market opened on Thursday . The stock had previously closed at $18.39, but opened at $17.34. IHI shares last traded at $17.41, with a volume of 3,174 shares.

IHI Trading Down 1.9%

The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market cap of $18.87 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64. The business’s fifty day moving average is $17.21 and its two-hundred day moving average is $20.62.

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 firm 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.