Iochpe-Maxion (OTCMKTS:IOCJY) Stock Rating Cut to “Strong Sell” at Zacks Research

Iochpe-Maxion (OTCMKTS:IOCJY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Separately, Bradesco Corretora cut shares of Iochpe-Maxion to a “neutral” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Iochpe-Maxion Stock Performance

Shares of IOCJY stock opened at $0.53 on Thursday. The firm has a 50 day moving average of $0.64 and a 200-day moving average of $0.58. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 1.15. The company has a market cap of $242.52 million, a price-to-earnings ratio of 13.15 and a beta of 0.88. Iochpe-Maxion has a 52 week low of $0.48 and a 52 week high of $0.73.

Iochpe-Maxion (OTCMKTS:IOCJY) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $778.82 million during the quarter, compared to the consensus estimate of $784.78 million. Iochpe-Maxion had a return on equity of 2.05% and a net margin of 0.63%. On average, equities analysts forecast that Iochpe-Maxion will post 0.08 earnings per share for the current year.

Iochpe-Maxion Company Profile

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.