IHI (OTCMKTS:IHICY) Shares Gap Down – Time to Sell?

Ihi Corp (OTCMKTS:IHICY) gapped down before the market opened on Wednesday . The stock had previously closed at $23.18, but opened at $21.98. IHI shares last traded at $22.8650, with a volume of 106,008 shares changing hands.

Wall Street Analysts Forecast Growth

IHICY has been the topic of a number of recent research reports. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group downgraded shares of 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 company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

IHI Stock Performance

The business’s fifty day moving average price is $19.68 and its 200-day moving average price is $22.84. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market capitalization of $25.06 billion, a PE ratio of 34.91 and a beta of 0.70.

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.