IHI (OTCMKTS:IHICY) Sees Large Volume Increase – Still a Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) saw an uptick in trading volume on Wednesday . 235,763 shares were traded during mid-day trading, an increase of 144% from the previous session’s volume of 96,610 shares.The stock last traded at $18.64 and had previously closed at $18.38.

Analyst Upgrades and Downgrades

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

IHI Trading Up 0.2%

The business has a 50-day simple moving average of $22.76 and a two-hundred day simple moving average of $21.38. The stock has a market cap of $19.95 billion, a price-to-earnings ratio of 26.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74.

IHI (OTCMKTS:IHICY) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $2.70 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.