IHI (OTCMKTS:IHICY) Shares Down 6.2% – Time to Sell?

Ihi Corp (OTCMKTS:IHICYGet Free Report)’s stock price traded down 6.2% during trading on Friday . The company traded as low as $27.50 and last traded at $27.50. 15,112 shares were traded during mid-day trading, a decline of 85% from the average session volume of 97,969 shares. The stock had previously closed at $29.32.

Analyst Upgrades and Downgrades

IHICY has been the topic of several research reports. Zacks Research cut shares of IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, IHI presently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on IHI

IHI Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The stock’s fifty day simple moving average is $21.11 and its 200-day simple moving average is $22.84. The company has a market capitalization of $30.00 billion, a P/E ratio of 42.63 and a beta of 0.68.

IHI (OTCMKTS:IHICYGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. The business had revenue of $2.70 billion during the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%.

About IHI

(Get Free Report)

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.

Further Reading

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