IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s Why

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $27.89, but opened at $25.9550. IHI shares last traded at $26.59, with a volume of 19,598 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

IHI Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The company has a market capitalization of $26.34 billion, a PE ratio of 34.76 and a beta of 0.66. The company has a 50 day moving average of $23.61 and a two-hundred day moving average of $22.68.

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