IHI (OTCMKTS:IHICY) Stock Price Down 3.4% – Here’s Why

Ihi Corp (OTCMKTS:IHICY)’s stock price fell 3.4% on Thursday . The stock traded as low as $17.62 and last traded at $17.88. 950 shares changed hands during trading, a decline of 96% from the average session volume of 24,746 shares. The stock had previously closed at $18.51.

Analyst Ratings Changes

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

IHI Price Performance

The company has a market capitalization of $19.12 billion, a PE ratio of 26.64 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15. The stock has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $24.35.

About IHI

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.