IHI (OTCMKTS:IHICY) Trading Up 5.8% – Still a Buy?

Ihi Corp (OTCMKTS:IHICY)’s stock price was up 5.8% during mid-day trading on Monday . The stock traded as high as $23.46 and last traded at $23.45. Approximately 7,462 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 108,862 shares. The stock had previously closed at $22.16.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on IHICY shares. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research downgraded shares of IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, IHI has an average rating of “Reduce”.

IHI Stock Performance

The company’s fifty day simple moving average is $19.15 and its two-hundred day simple moving average is $22.88. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 35.02 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19.

About IHI

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.