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

Ihi Corp (OTCMKTS:IHICY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $17.52, but opened at $19.06. IHI shares last traded at $19.1450, with a volume of 1,482 shares traded.

Analyst Upgrades and Downgrades

IHICY has been the subject of several research analyst reports. Zacks Research downgraded IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group lowered shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

IHI Trading Up 9.5%

The firm has a fifty day moving average of $18.83 and a two-hundred day moving average of $23.54. The company has a market cap of $20.86 billion, a PE ratio of 29.07 and a beta of 0.70. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio 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.