IHI (OTCMKTS:IHICY) Shares Gap Up – Here’s Why

Ihi Corp (OTCMKTS:IHICY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $24.30, but opened at $27.92. IHI shares last traded at $27.92, with a volume of 5,500 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research lowered IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. 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 and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

IHI Stock Up 4.3%

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64. The company’s fifty day moving average price is $20.77 and its 200-day moving average price is $22.76. The stock has a market capitalization of $31.58 billion, a PE ratio of 44.01 and a beta of 0.68.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. IHI had a return on equity of 21.69% and a net margin of 6.50%.

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.