IHI (OTCMKTS:IHICY) Shares Gap Up – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) gapped up before the market opened on Monday . The stock had previously closed at $15.01, but opened at $16.79. IHI shares last traded at $17.10, with a volume of 32,086 shares traded.

Analysts Set New Price Targets

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

IHI Trading Up 12.1%

The company has a 50 day simple moving average of $18.24 and a 200 day simple moving average of $20.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The company has a market capitalization of $18.57 billion, a PE ratio of 18.44 and a beta of 0.62.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.46 EPS for the quarter. The firm had revenue of $3.28 billion for 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.