IHI (OTCMKTS:IHICY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Ihi Corp (OTCMKTS:IHICY) saw unusually-strong trading volume on Tuesday . Approximately 192,596 shares traded hands during trading, an increase of 468% from the previous session’s volume of 33,902 shares.The stock last traded at $22.52 and had previously closed at $21.51.

Wall Street Analysts Forecast Growth

IHICY has been the subject of a number of analyst reports. The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

IHI Trading Up 5.2%

The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $24.49 billion, a price-to-earnings ratio of 34.12 and a beta of 0.70. The firm has a 50-day moving average of $18.83 and a 200 day moving average of $22.99.

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.