IHI (OTCMKTS:IHICY) Shares Gap Up – What’s Next?

Ihi Corp (OTCMKTS:IHICY) shares gapped up prior to trading on Friday . The stock had previously closed at $16.40, but opened at $17.61. IHI shares last traded at $17.87, with a volume of 700 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

IHI Price Performance

The firm’s fifty day moving average price is $20.23 and its 200 day moving average price is $21.10. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. The stock has a market cap of $18.94 billion, a PE ratio of 18.81 and a beta of 0.66.

IHI (OTCMKTS:IHICY) last released its earnings results on Thursday, May 14th. The company reported $0.46 EPS for the quarter. The company had revenue of $3.28 billion during the quarter.

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.