Iochpe-Maxion SA (OTCMKTS:IOCJY – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 200 shares, a decrease of 71.7% from the October 15th total of 706 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,089 shares, the short-interest ratio is currently 0.1 days.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on IOCJY. Bradesco Corretora downgraded Iochpe-Maxion to a “neutral” rating in a research note on Tuesday, September 15th. Zacks Research cut Iochpe-Maxion from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Iochpe-Maxion presently has an average rating of “Reduce”.
View Our Latest Stock Report on IOCJY
Iochpe-Maxion Stock Performance
Shares of Iochpe-Maxion stock remained flat at $0.52 during trading on Friday. The company has a market cap of $240.43 million, a price-to-earnings ratio of 26.08 and a beta of 0.88. 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 firm has a 50-day moving average price of $0.64 and a 200-day moving average price of $0.58. Iochpe-Maxion has a 1-year low of $0.48 and a 1-year high of $0.73.
Iochpe-Maxion Company Profile
Iochpe-Maxion is a Brazilian industrial company focused on wheels and structural components for the transportation industry. Its products serve passenger cars, commercial vehicles and other vehicle markets. Through its Maxion Wheels business, the company manufactures steel and aluminum wheels. Its Maxion Structural Components operations produce components for commercial vehicles and railway applications, including freight rail equipment in Brazil. Founded in Brazil in 1918, Iochpe-Maxion serves customers across multiple regions through a global manufacturing and commercial presence.
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