Zacks Research Upgrades Iochpe-Maxion (OTCMKTS:IOCJY) to “Hold”

Iochpe-Maxion (OTCMKTS:IOCJY) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Monday,Zacks.com reports.

Iochpe-Maxion Price Performance

Shares of IOCJY opened at $0.60 on Monday. The company has a market capitalization of $278.08 million, a price-to-earnings ratio of 8.61 and a beta of 0.71. Iochpe-Maxion has a 52 week low of $0.50 and a 52 week high of $0.95. The stock’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.69. The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 1.12.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $717.14 million during the quarter, compared to analyst estimates of $718.39 million. Iochpe-Maxion had a net margin of 1.28% and a return on equity of 4.09%. On average, sell-side analysts predict that Iochpe-Maxion will post 0.09 EPS for the current year.

Iochpe-Maxion Company Profile

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.