Iochpe-Maxion (OTCMKTS:IOCJY) Shares Up 4.6% – Should You Buy?

Iochpe-Maxion SA (OTCMKTS:IOCJY) shot up 4.6% during trading on Tuesday. The company traded as high as $0.7314 and last traded at $0.7314. Approximately 3,595 shares traded hands during mid-day trading, an increase of 2,487% from the average daily volume of 139 shares. The stock had previously closed at $0.6990.

Analyst Upgrades and Downgrades

Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Iochpe-Maxion Stock Up 4.6%

The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The firm has a market cap of $337.29 million, a PE ratio of 18.29 and a beta of 0.79. The business’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $0.56.

Iochpe-Maxion (OTCMKTS:IOCJY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. The firm had revenue of $778.82 million for the quarter, compared to the consensus estimate of $784.78 million. As a group, equities research analysts expect that Iochpe-Maxion SA will post 0.08 earnings per share for the current year.

About Iochpe-Maxion

Iochpe-Maxion SA is a Brazilian manufacturer of automotive components and one of the world’s major producers of vehicle wheels. Through its Maxion Wheels business, the company supplies steel and aluminum wheels for passenger cars, commercial vehicles, agricultural equipment, construction and mining machinery, and other applications.

The company also operates through Maxion Structural Components, which produces structural assemblies and components for commercial vehicles and other automotive applications.