IHI (OTCMKTS:IHICY) Shares Gap Down – Should You Sell?

Ihi Corp (OTCMKTS:IHICY) gapped down prior to trading on Wednesday . The stock had previously closed at $27.89, but opened at $25.9550. IHI shares last traded at $26.59, with a volume of 19,598 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, IHI has an average rating of “Hold”.

IHI Price Performance

The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The business’s 50-day simple moving average is $23.33 and its two-hundred day simple moving average is $22.64. The firm has a market cap of $28.26 billion, a price-to-earnings ratio of 37.29 and a beta of 0.66.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings data 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.