Shares of Iochpe-Maxion SA (OTCMKTS:IOCJY – Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.58 and traded as high as $0.5959. Iochpe-Maxion shares last traded at $0.5959, with a volume of 1,200 shares changing hands.
Analyst Ratings Changes
Separately, Bradesco Corretora lowered Iochpe-Maxion to a “neutral” rating in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of “Hold”.
Get Our Latest Stock Analysis on Iochpe-Maxion
Iochpe-Maxion Trading Up 4.6%
The company’s fifty day simple moving average is $0.63 and its two-hundred day simple moving average is $0.58.
Iochpe-Maxion (OTCMKTS:IOCJY – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $778.82 million for the quarter, compared to analyst estimates of $784.78 million. Sell-side analysts predict that Iochpe-Maxion SA will post 0.08 earnings per share for the current year.
About Iochpe-Maxion
Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.
Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.
Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.
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