IHI (OTCMKTS:IHICY) Shares Gap Up – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) gapped up prior to trading on Monday . The stock had previously closed at $17.52, but opened at $19.06. IHI shares last traded at $19.1450, with a volume of 1,482 shares.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IHICY shares. Zacks Research lowered IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, IHI presently has a consensus rating of “Reduce”.

IHI Price Performance

The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 29.92 and a beta of 0.70. The company has a fifty day moving average price of $18.73 and a two-hundred day moving average price of $23.42.

About IHI

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.