IHI (OTCMKTS:IHICY) Shares Gap Up – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) gapped up before the market opened on Monday . The stock had previously closed at $15.01, but opened at $16.79. IHI shares last traded at $17.10, with a volume of 32,086 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised 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, According to data from MarketBeat, IHI has a consensus rating of “Hold”.

IHI Stock Up 0.9%

The business has a fifty day moving average of $18.07 and a 200 day moving average of $20.77. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 18.61 and a beta of 0.62. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74.

IHI (OTCMKTS:IHICY) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.46 EPS for the quarter. The firm had revenue of $3.28 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.