IHI (OTCMKTS:IHICY) Stock Price Up 6.2% – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s stock price rose 6.2% during trading on Friday . The company traded as high as $27.96 and last traded at $27.96. Approximately 20,196 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 94,855 shares. The stock had previously closed at $26.3350.

Wall Street Analysts Forecast Growth

IHICY has been the topic of several recent research reports. The Goldman Sachs Group cut IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Zacks Research lowered IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average 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 has a market capitalization of $30.58 billion, a PE ratio of 40.35 and a beta of 0.68. The company’s fifty day simple moving average is $21.87 and its two-hundred day simple moving average is $22.83.

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

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.