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

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $28.60, but opened at $26.4050. IHI shares last traded at $26.77, with a volume of 10,354 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

IHI Price Performance

The business has a fifty day moving average of $22.58 and a two-hundred day moving average of $22.76. 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 firm has a market capitalization of $29.05 billion, a price-to-earnings ratio of 38.33 and a beta of 0.68.

IHI (OTCMKTS:IHICY) 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 return on equity of 21.69% and a net margin of 6.50%.The business had revenue of $2.70 billion during the quarter.

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.