IHI (OTCMKTS:IHICY) Sees Large Volume Increase – Time to Buy?

Shares of Ihi Corp (OTCMKTS:IHICY) saw unusually-high trading volume on Monday . Approximately 85,874 shares were traded during trading, an increase of 257% from the previous session’s volume of 24,047 shares.The stock last traded at $17.5210 and had previously closed at $17.79.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI presently has a consensus rating of “Hold”.

IHI Price Performance

The business’s 50-day simple moving average is $20.82 and its 200 day simple moving average is $24.79. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $19.79 billion, a P/E ratio of 27.58 and a beta of 0.75.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.