IHI (OTCMKTS:IHICY) Shares Gap Down – What’s Next?

Ihi Corp (OTCMKTS:IHICY) shares gapped down before the market opened on Thursday . The stock had previously closed at $24.15, but opened at $22.6350. IHI shares last traded at $22.68, with a volume of 255,423 shares changing hands.

Analyst Upgrades and Downgrades

IHICY has been the subject of a number of research reports. The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

IHI Price Performance

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19. The stock’s 50 day simple moving average is $19.01 and its two-hundred day simple moving average is $22.96. The firm has a market capitalization of $24.55 billion, a PE ratio of 34.20 and a beta of 0.70.

About IHI

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.