IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s Why

Shares of Ihi Corp (OTCMKTS:IHICY) gapped down prior to trading on Monday . The stock had previously closed at $23.5750, but opened at $22.52. IHI shares last traded at $22.52, with a volume of 11,059 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

IHI Stock Performance

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The stock has a 50-day moving average price of $24.77 and a 200-day moving average price of $22.26. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 31.34 and a beta of 0.66.

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