IHI (OTCMKTS:IHICY) Shares Gap Down – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $20.24, but opened at $19.48. IHI shares last traded at $19.48, with a volume of 7,765 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, IHI has a consensus rating of “Hold”.

IHI Stock Down 1.5%

The company has a market capitalization of $20.81 billion, a P/E ratio of 29.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The company has a 50 day moving average of $19.40 and a 200-day moving average of $24.58.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.