IHI (OTCMKTS:IHICY) Sees Large Volume Increase – Time to Buy?

Ihi Corp (OTCMKTS:IHICYGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 33,082 shares were traded during trading, an increase of 32% from the previous session’s volume of 24,983 shares.The stock last traded at $18.1245 and had previously closed at $17.7620.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on IHICY

IHI Trading Up 1.5%

The stock has a market capitalization of $19.59 billion, a PE ratio of 27.30 and a beta of 0.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The company’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $24.12.

IHI Company Profile

(Get Free Report)

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.

Further Reading

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