IHI (OTCMKTS:IHICY) Shares Gap Down – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $24.98, but opened at $23.81. IHI shares last traded at $23.81, with a volume of 307 shares trading hands.

Analysts Set New Price Targets

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

IHI Stock Up 5.0%

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 company has a market capitalization of $27.95 billion, a PE ratio of 36.87 and a beta of 0.66. The firm’s 50-day simple moving average is $24.00 and its 200 day simple moving average is $22.53.

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

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.