IHI (OTCMKTS:IHICY) Shares Gap Down – Time to Sell?

Ihi Corp (OTCMKTS:IHICY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $21.12, but opened at $20.00. IHI shares last traded at $19.81, with a volume of 33,014 shares.

Analyst Upgrades and Downgrades

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

IHI Trading Down 3.2%

The stock has a market cap of $21.55 billion, a P/E ratio of 28.43 and a beta of 0.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The stock’s fifty day moving average is $24.75 and its 200 day moving average is $22.07.

IHI (OTCMKTS:IHICY) last issued its quarterly earnings data 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 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.