IHS (NYSE:IHS) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?

IHS Holding Limited (NYSE:IHS) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.28 and traded as high as $8.42. IHS shares last traded at $8.3950, with a volume of 947,911 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.80.

IHS Stock Performance

The company has a fifty day moving average of $8.36 and a two-hundred day moving average of $8.28. The company has a market cap of $2.82 billion, a PE ratio of 20.86 and a beta of 0.74.

IHS (NYSE:IHS) last posted its quarterly earnings data on Monday, August 10th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). IHS had a negative return on equity of 832.09% and a net margin of 8.17%.The firm had revenue of $428.60 million for the quarter, compared to analysts’ expectations of $442.72 million.

Hedge Funds Weigh In On IHS

Hedge funds have recently added to or reduced their stakes in the company. DGS Capital Management LLC purchased a new stake in IHS in the 4th quarter worth about $101,000. Summit Securities Group LLC bought a new stake in IHS in the first quarter worth about $102,000. Bank of New York Mellon Corp purchased a new position in shares of IHS during the first quarter valued at approximately $171,000. Sei Investments Co. boosted its position in shares of IHS by 22.6% during the first quarter. Sei Investments Co. now owns 31,668 shares of the business services provider’s stock valued at $261,000 after buying an additional 5,834 shares during the period. Finally, R Squared Ltd bought a new position in shares of IHS during the first quarter valued at approximately $275,000. 17.54% of the stock is currently owned by institutional investors.

About IHS

IHS Holding Limited is a telecommunications infrastructure company that develops, owns, and operates shared communications infrastructure. Its core business is providing wireless telecommunications towers and related infrastructure that mobile network operators use to expand network coverage and capacity.

The company’s services include tower leasing, site management, power management, and infrastructure support. By allowing multiple telecommunications providers to share tower sites and related facilities, IHS helps operators deploy and maintain wireless networks while improving the efficiency of their infrastructure investments.

IHS has historically focused on emerging markets across Africa, Latin America, and the Middle East, serving mobile network operators and other communications customers in those regions.