IHI (OTCMKTS:IHICY) Reaches New 12-Month High – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.56 and last traded at $24.56, with a volume of 15912 shares. The stock had previously closed at $23.54.

Wall Street Analysts Forecast Growth

IHICY has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research lowered shares of IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

IHI Stock Performance

The business’s fifty day simple moving average is $19.93 and its 200-day simple moving average is $22.77. The firm has a market cap of $26.63 billion, a P/E ratio of 37.10 and a beta of 0.68. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

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.