Iochpe-Maxion SA (OTCMKTS:IOCJY – Get Free Report) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 200 shares, a decline of 71.7% from the October 15th total of 706 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 2,089 shares, the short-interest ratio is presently 0.1 days.
Iochpe-Maxion Stock Performance
Shares of OTCMKTS IOCJY remained flat at $0.52 during trading on Friday. Iochpe-Maxion has a 52-week low of $0.48 and a 52-week high of $0.73. The company has a market cap of $240.43 million, a PE ratio of 26.08 and a beta of 0.88. The firm’s fifty day moving average price is $0.64 and its 200 day moving average price is $0.58. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.73.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on IOCJY shares. Bradesco Corretora cut shares of Iochpe-Maxion to a “neutral” rating in a research report on Tuesday, September 15th. Zacks Research downgraded Iochpe-Maxion from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Iochpe-Maxion currently has an average rating of “Reduce”.
Check Out Our Latest Stock Report on IOCJY
About Iochpe-Maxion
Iochpe-Maxion is a Brazilian industrial company focused on wheels and structural components for the transportation industry. Its products serve passenger cars, commercial vehicles and other vehicle markets. Through its Maxion Wheels business, the company manufactures steel and aluminum wheels. Its Maxion Structural Components operations produce components for commercial vehicles and railway applications, including freight rail equipment in Brazil. Founded in Brazil in 1918, Iochpe-Maxion serves customers across multiple regions through a global manufacturing and commercial presence.
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