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

Ihi Corp (OTCMKTS:IHICY) shares gapped down before the market opened on Thursday . The stock had previously closed at $29.32, but opened at $27.50. IHI shares last traded at $27.35, with a volume of 5,000 shares changing hands.

Wall Street Analyst Weigh In

IHICY has been the topic of a number of research analyst reports. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Zacks Research downgraded 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

IHI Trading Up 4.2%

The company has a market cap of $30.24 billion, a P/E ratio of 42.96 and a beta of 0.68. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $21.27 and its 200-day moving average price is $22.84.

IHI (OTCMKTS:IHICY) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%. The company had revenue of $2.70 billion during the quarter.

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.