IHI (OTCMKTS:IHICY) Posts Earnings Results

IHI (OTCMKTS:IHICY) posted its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, Zacks reports.

IHI Stock Down 5.3%

Shares of OTCMKTS:IHICY traded down $0.95 during midday trading on Thursday, reaching $16.95. The company had a trading volume of 100,924 shares, compared to its average volume of 132,232. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The stock’s fifty day moving average price is $21.03 and its 200-day moving average price is $21.25. The stock has a market capitalization of $18.35 billion, a P/E ratio of 24.21 and a beta of 0.66. IHI has a one year low of $12.77 and a one year high of $30.47.

Analyst Upgrades and Downgrades

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

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.