IHI (OTCMKTS:IHICY) Stock Price Down 6.4% – Should You Sell?

Ihi Corp (OTCMKTS:IHICYGet Free Report) was down 6.4% during trading on Thursday . The stock traded as low as $17.20 and last traded at $17.23. 2,207 shares traded hands during trading, a decline of 98% from the average daily volume of 109,120 shares. The stock had previously closed at $18.41.

IHI Trading Down 2.1%

The stock has a market cap of $18.11 billion, a PE ratio of 16.24 and a beta of 0.65. The company’s fifty day moving average is $17.44 and its 200-day moving average is $19.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 0.81.

IHI (OTCMKTS:IHICYGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share for the quarter. The company had revenue of $2.35 billion for the quarter.

About IHI

(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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