IHI (OTCMKTS:IHICY) Downgraded to Hold Rating by The Goldman Sachs Group

IHI (OTCMKTS:IHICY) was downgraded by equities researchers at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

IHI Trading Down 6.6%

IHICY opened at $20.64 on Thursday. The company’s 50 day moving average is $25.16 and its 200-day moving average is $24.61. IHI has a 1-year low of $6.78 and a 1-year high of $22.13. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The company has a market cap of $22.35 billion, a P/E ratio of 31.14 and a beta of 0.77.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.

About IHI

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.