IHI (OTCMKTS:IHICY) Sees Strong Trading Volume – Here’s What Happened

Ihi Corp (OTCMKTS:IHICYGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 139,958 shares traded hands during mid-day trading, an increase of 45% from the previous session’s volume of 96,810 shares.The stock last traded at $25.85 and had previously closed at $26.80.

Analysts Set New Price Targets

IHICY has been the subject of several recent research reports. The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research lowered 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

View Our Latest Stock Analysis on IHICY

IHI Stock Down 7.3%

The firm has a market cap of $28.03 billion, a price-to-earnings ratio of 39.83 and a beta of 0.68. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $21.45 and a 200-day moving average price of $22.79.

IHI (OTCMKTS:IHICYGet Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. IHI had a return on equity of 21.69% and a net margin of 6.50%.The firm had revenue of $2.70 billion for the quarter.

About IHI

(Get Free Report)

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.

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