IHI (OTCMKTS:IHICY) Shares Down 6.4% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICYGet Free Report)’s stock price traded down 6.4% on Thursday . The company traded as low as $17.20 and last traded at $17.23. 2,207 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 109,120 shares. The stock had previously closed at $18.41.

IHI Stock Down 1.9%

The firm has a market cap of $18.62 billion, a P/E ratio of 16.70 and a beta of 0.65. The firm’s 50 day moving average is $17.37 and its two-hundred day moving average is $20.03. The company has a current ratio of 1.23, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54.

IHI (OTCMKTS:IHICYGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.32 EPS for the quarter. The firm had revenue of $2.35 billion during the quarter.

About IHI

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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.

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