IHI (OTCMKTS:IHICY) Shares Gap Down – Time to Sell?

Ihi Corp (OTCMKTS:IHICY) gapped down prior to trading on Thursday . The stock had previously closed at $29.32, but opened at $27.50. IHI shares last traded at $27.35, with a volume of 5,000 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IHICY. The Goldman Sachs Group lowered shares of IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, IHI presently has a consensus rating of “Reduce”.

IHI Stock Performance

The stock’s 50 day simple moving average is $20.97 and its two-hundred day simple moving average is $22.81. The company has a market cap of $29.02 billion, a PE ratio of 41.23 and a beta of 0.68. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64.

IHI (OTCMKTS:IHICY) last issued its earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. IHI had a return on equity of 21.69% and a net margin of 6.50%.The business had revenue of $2.70 billion for 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.