IHI (OTCMKTS:IHICY) Shares Gap Up – Still a Buy?

Ihi Corp (OTCMKTS:IHICY) gapped up prior to trading on Monday . The stock had previously closed at $20.0350, but opened at $21.4325. IHI shares last traded at $21.4325, with a volume of 291 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on IHICY shares. The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research downgraded IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, IHI has a consensus rating of “Reduce”.

IHI Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19. The company has a 50-day moving average price of $18.74 and a 200-day moving average price of $23.26. The firm has a market capitalization of $23.37 billion, a P/E ratio of 32.56 and a beta of 0.70.

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.