IHI (OTCMKTS:IHICY) Trading Down 6.2% – Should You Sell?

Ihi Corp (OTCMKTS:IHICYGet Free Report) shares were down 6.2% during trading on Friday . The stock traded as low as $27.50 and last traded at $27.50. Approximately 15,112 shares changed hands during trading, a decline of 85% from the average daily volume of 97,969 shares. The stock had previously closed at $29.32.

Analyst Ratings Changes

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

Read Our Latest Report on IHICY

IHI Stock Up 4.2%

The firm’s 50-day simple moving average is $21.27 and its 200 day simple moving average is $22.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19. The company has a market cap of $30.24 billion, a P/E ratio of 42.96 and a beta of 0.68.

IHI (OTCMKTS:IHICYGet Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $2.70 billion for the quarter. IHI had a return on equity of 21.69% and a net margin of 6.50%.

About IHI

(Get Free Report)

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.

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