IHI (OTCMKTS:IHICY) Shares Down 6.2% – Here’s What Happened

Shares of Ihi Corp (OTCMKTS:IHICYGet Free Report) dropped 6.2% during trading on Friday . The company traded as low as $27.50 and last traded at $27.50. Approximately 15,112 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 97,969 shares. The stock had previously closed at $29.32.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IHICY shares. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a research note 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 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.com, IHI presently has a consensus rating of “Reduce”.

Read Our Latest Analysis on IHI

IHI Stock Up 3.4%

The stock’s fifty day moving average is $21.11 and its two-hundred day moving average is $22.84. The stock has a market capitalization of $30.00 billion, a P/E ratio of 42.63 and a beta of 0.68. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74.

IHI (OTCMKTS:IHICYGet Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%. The firm had revenue of $2.70 billion during the quarter.

IHI Company Profile

(Get Free Report)

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.

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