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

Ihi Corp (OTCMKTS:IHICY) gapped down prior to trading on Wednesday . The stock had previously closed at $18.89, but opened at $18.01. IHI shares last traded at $18.10, with a volume of 21,079 shares changing hands.

Analyst Ratings Changes

Separately, 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. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

IHI Price Performance

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 $19.08 billion, a P/E ratio of 26.58 and a beta of 0.75. The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $24.31.

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.