IHI (OTCMKTS:IHICY) Releases Quarterly Earnings Results

IHI (OTCMKTS:IHICY) posted its quarterly earnings data on Tuesday. The company reported $0.18 earnings per share for the quarter, Zacks reports. IHI had a net margin of 6.50% and a return on equity of 21.69%.

IHI Trading Up 5.5%

OTCMKTS:IHICY traded up $1.54 during midday trading on Tuesday, reaching $29.50. 30,049 shares of the stock traded hands, compared to its average volume of 102,616. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19. The stock has a market capitalization of $31.94 billion, a P/E ratio of 44.50 and a beta of 0.68. IHI has a 12 month low of $8.29 and a 12 month high of $29.54. The company has a fifty day moving average of $20.55 and a 200 day moving average of $22.75.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research cut shares of IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. The Goldman Sachs Group cut IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, IHI currently has an average rating of “Reduce”.

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.