IHI (OTCMKTS:IHICY) Shares Gap Down – Should You Sell?

Shares of Ihi Corp (OTCMKTS:IHICY) gapped down prior to trading on Wednesday . The stock had previously closed at $24.98, but opened at $23.81. IHI shares last traded at $23.81, with a volume of 307 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

IHI Stock Down 0.2%

The company has a market capitalization of $25.66 billion, a P/E ratio of 33.86 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $24.26 and a 200-day simple moving average of $22.55.

IHI (OTCMKTS:IHICY) last released its quarterly earnings data 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.

IHI Company Profile

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.