IHI (OTCMKTS:IHICY) Sees Strong Trading Volume – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY) saw an uptick in trading volume on Wednesday . 28,846 shares were traded during trading, a decline of 15% from the previous session’s volume of 33,756 shares.The stock last traded at $21.64 and had previously closed at $21.79.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Zacks Research lowered IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

IHI Stock Performance

The company’s 50-day moving average price is $18.76 and its 200 day moving average price is $23.16. The stock has a market capitalization of $23.29 billion, a PE ratio of 32.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19.

About IHI

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.