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

Ihi Corp (OTCMKTS:IHICYGet Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $18.55, but opened at $17.20. IHI shares last traded at $17.10, with a volume of 25,333 shares changing hands.

IHI Trading Up 4.8%

The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.86 billion, a P/E ratio of 18.73 and a beta of 0.65. The firm’s 50-day simple moving average is $16.97 and its 200-day simple moving average is $20.34.

IHI (OTCMKTS:IHICYGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $2.35 billion during the quarter.

About IHI

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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.

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