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

Ihi Corp (OTCMKTS:IHICY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $28.60, but opened at $26.4050. IHI shares last traded at $26.77, with a volume of 10,354 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IHI presently has a consensus rating of “Hold”.

IHI Stock Performance

The stock has a market capitalization of $28.81 billion, a PE ratio of 38.01 and a beta of 0.68. The business’s 50 day moving average is $22.26 and its 200 day moving average is $22.76. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings data 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 company had revenue of $2.70 billion for 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.