IHI (OTCMKTS:IHICY) Sees Unusually-High Trading Volume – What’s Next?

Ihi Corp (OTCMKTS:IHICYGet Free Report) saw an uptick in trading volume on Tuesday . 139,958 shares were traded during mid-day trading, an increase of 45% from the previous session’s volume of 96,810 shares.The stock last traded at $25.85 and had previously closed at $26.80.

Analysts Set New Price Targets

IHICY has been the subject of several analyst reports. Zacks Research cut shares of IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. The Goldman Sachs Group cut 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 and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Read Our Latest Analysis on IHI

IHI Price Performance

The company has a market cap of $28.03 billion, a price-to-earnings ratio of 39.83 and a beta of 0.68. The company has a fifty day simple moving average of $21.45 and a two-hundred day simple moving average of $22.79. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64.

IHI (OTCMKTS:IHICYGet Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. The business had revenue of $2.70 billion for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%.

IHI Company Profile

(Get Free Report)

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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