Iochpe-Maxion (OTCMKTS:IOCJY) Shares Climb 4.6% – Here’s What Happened

Iochpe-Maxion SA (OTCMKTS:IOCJY)’s share price rose 4.6% on Tuesday. The company traded as high as $0.7314 and last traded at $0.7314. 3,595 shares were traded during mid-day trading, an increase of 2,487% from the average session volume of 139 shares. The stock had previously closed at $0.6990.

Analyst Ratings Changes

Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Iochpe-Maxion Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average price is $0.58 and its 200-day moving average price is $0.56. The firm has a market cap of $337.29 million, a price-to-earnings ratio of 18.29 and a beta of 0.79.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. The firm had revenue of $778.82 million for the quarter, compared to analyst estimates of $784.78 million. Analysts expect that Iochpe-Maxion SA will post 0.08 earnings per share for the current year.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA is a Brazilian manufacturer of automotive components and one of the world’s major producers of vehicle wheels. Through its Maxion Wheels business, the company supplies steel and aluminum wheels for passenger cars, commercial vehicles, agricultural equipment, construction and mining machinery, and other applications.

The company also operates through Maxion Structural Components, which produces structural assemblies and components for commercial vehicles and other automotive applications.