Iochpe-Maxion (OTCMKTS:IOCJY) Announces Earnings Results

Iochpe-Maxion (OTCMKTS:IOCJY) released its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, Zacks reports. Iochpe-Maxion had a net margin of 0.58% and a return on equity of 1.88%.

Iochpe-Maxion Price Performance

Iochpe-Maxion stock remained flat at $0.54 during trading hours on Thursday. Iochpe-Maxion has a twelve month low of $0.53 and a twelve month high of $0.95. The company has a quick ratio of 1.14, a current ratio of 1.75 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $0.56 and a 200-day simple moving average of $0.57. The firm has a market cap of $249.49 million, a price-to-earnings ratio of 18.04 and a beta of 0.67.

About Iochpe-Maxion

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.