IHI (OTCMKTS:IHICY) Sets New 52-Week High – What’s Next?

Ihi Corp (OTCMKTS:IHICY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.10 and last traded at $23.78, with a volume of 490406 shares changing hands. The stock had previously closed at $22.62.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research downgraded IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, IHI has a consensus rating of “Reduce”.

IHI Trading Up 6.3%

The company has a market cap of $26.04 billion, a P/E ratio of 36.28 and a beta of 0.70. The firm’s 50 day moving average is $18.90 and its two-hundred day moving average is $22.95. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64.

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.