IHI (OTCMKTS:IHICY) Stock Price Up 6.2% – Time to Buy?

Ihi Corp (OTCMKTS:IHICY)’s stock price was up 6.2% on Friday . The company traded as high as $27.96 and last traded at $27.96. Approximately 20,196 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 94,855 shares. The stock had previously closed at $26.3350.

Analyst Ratings Changes

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

IHI Trading Up 6.4%

The firm’s 50 day simple moving average is $21.87 and its 200-day simple moving average is $22.83. The company has a market capitalization of $30.58 billion, a PE ratio of 40.35 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.

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

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.