IHS (NYSE:IHS) Shares Pass Above 200-Day Moving Average – Should You Sell?

IHS Holding Limited (NYSE:IHS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.23 and traded as high as $8.34. IHS shares last traded at $8.3250, with a volume of 1,401,889 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of IHS in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.80.

IHS Stock Performance

The stock has a market cap of $2.80 billion, a PE ratio of 20.88 and a beta of 0.73. The company’s 50-day moving average price is $8.24 and its two-hundred day moving average price is $8.23.

IHS (NYSE:IHS) last announced its earnings results on Tuesday, August 11th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). IHS had a negative return on equity of 832.09% and a net margin of 8.17%.The company had revenue of $428.60 million during the quarter, compared to analysts’ expectations of $442.72 million.

Hedge Funds Weigh In On IHS

Institutional investors have recently modified their holdings of the company. Mcguire Capital Advisors Inc. bought a new stake in IHS in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC bought a new position in IHS during the fourth quarter valued at approximately $30,000. Quarry LP raised its stake in shares of IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of IHS during the fourth quarter worth approximately $90,000. Finally, L2 Asset Management LLC bought a new stake in shares of IHS in the 4th quarter worth approximately $90,000. 17.54% of the stock is currently owned by institutional investors.

IHS Company Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.