IHI (OTCMKTS:IHICY) Shares Gap Up – Still a Buy?

Ihi Corp (OTCMKTS:IHICY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $16.83, but opened at $18.3250. IHI shares last traded at $18.49, with a volume of 425 shares changing hands.

IHI Stock Performance

The stock has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $18.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.81 and a current ratio of 1.23. The stock has a market capitalization of $18.29 billion, a price-to-earnings ratio of 16.40 and a beta of 0.65.

IHI (OTCMKTS:IHICY) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $2.35 billion during the quarter.

IHI Company Profile

IHI Corporation is a Japanese heavy-industry and engineering company headquartered in Tokyo. Founded in 1853 as Ishikawajima Shipyard, the company has developed into a diversified manufacturer and infrastructure provider serving customers in Japan and international markets.

IHI’s business activities include aerospace, space and defense systems; energy and environmental solutions; social infrastructure; and industrial machinery. Its products and services include aircraft engines and engine components, rocket and space-related equipment, power-generation systems, industrial plants, bridges, tunnels, and other infrastructure-related technologies.

The company works with government agencies, transportation operators, utilities, manufacturers, and other commercial customers.