IHI (OTCMKTS:IHICY) Shares Gap Up – Should You Buy?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $26.3350, but opened at $29.03. IHI shares last traded at $27.6350, with a volume of 2,938 shares.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group downgraded shares of IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

IHI Trading Up 2.1%

The stock has a market capitalization of $29.12 billion, a P/E ratio of 38.41 and a beta of 0.68. The stock’s fifty day moving average price is $21.71 and its two-hundred day moving average price is $22.80. 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 (OTCMKTS:IHICY) last issued its earnings results on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%. The company had revenue of $2.70 billion for the quarter.

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.