IHI (OTCMKTS:IHICY) Shares Gap Up – Time to Buy?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $18.83, but opened at $20.19. IHI shares last traded at $19.5375, with a volume of 2,600 shares.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI currently has an average rating of “Hold”.

IHI Stock Performance

The company has a market cap of $21.20 billion, a P/E ratio of 29.54 and a beta of 0.74. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average price of $20.11 and a 200-day moving average price of $24.67.

About IHI

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.