IHI (OTCMKTS:IHICY) Stock Price Down 8.3% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY) shares fell 8.3% on Wednesday . The company traded as low as $26.23 and last traded at $26.23. 2,674 shares were traded during trading, a decline of 97% from the average session volume of 90,400 shares. The stock had previously closed at $28.60.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI currently has an average rating of “Hold”.

IHI Stock Up 3.1%

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market capitalization of $29.94 billion, a price-to-earnings ratio of 39.50 and a beta of 0.68. The firm’s fifty day moving average is $22.76 and its 200-day moving average is $22.79.

IHI (OTCMKTS:IHICY) last released its earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $2.70 billion during the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%.

IHI Company Profile

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.