IHI (OTCMKTS:IHICY) Sees Unusually-High Trading Volume – Should You Buy?

Ihi Corp (OTCMKTS:IHICY) saw unusually-strong trading volume on Tuesday . Approximately 249,262 shares were traded during trading, an increase of 125% from the previous session’s volume of 110,778 shares.The stock last traded at $23.5350 and had previously closed at $23.2130.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IHICY. The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research cut shares of IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

IHI Stock Down 0.2%

The business’s 50 day moving average price is $19.24 and its 200-day moving average price is $22.86. The firm has a market capitalization of $25.09 billion, a PE ratio of 34.95 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.

IHI Company Profile

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.