Iochpe-Maxion (OTCMKTS:IOCJY) Upgraded to “Hold” at Zacks Research

Iochpe-Maxion (OTCMKTS:IOCJY) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

Iochpe-Maxion Price Performance

IOCJY opened at $0.60 on Monday. The company has a market cap of $278.08 million, a PE ratio of 8.61 and a beta of 0.71. Iochpe-Maxion has a twelve month low of $0.50 and a twelve month high of $0.95. The company has a 50-day moving average price of $0.59 and a 200 day moving average price of $0.69. The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 1.12.

Iochpe-Maxion (OTCMKTS:IOCJY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Iochpe-Maxion had a return on equity of 4.09% and a net margin of 1.28%.The firm had revenue of $717.14 million during the quarter, compared to analyst estimates of $718.39 million. Sell-side analysts expect that Iochpe-Maxion will post 0.09 earnings per share for the current fiscal year.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.