IHI (OTCMKTS:IHICY) Releases Quarterly Earnings Results

IHI (OTCMKTS:IHICY) released its quarterly earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, Zacks reports.

IHI Price Performance

OTCMKTS IHICY traded down $0.95 during trading hours on Thursday, hitting $16.95. 100,924 shares of the company’s stock traded hands, compared to its average volume of 132,232. IHI has a 52-week low of $12.77 and a 52-week high of $30.47. The company has a market capitalization of $18.35 billion, a PE ratio of 24.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The firm’s 50-day moving average is $21.03 and its 200-day moving average is $21.25.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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 data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.