IHI (OTCMKTS:IHICY) Stock Price Down 8.3% – Should You Sell?

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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, According to MarketBeat, IHI has an average rating of “Hold”.

IHI Trading Down 2.1%

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 50-day moving average price of $22.42 and a two-hundred day moving average price of $22.74. The stock has a market cap of $28.26 billion, a PE ratio of 37.29 and a beta of 0.68.

IHI (OTCMKTS:IHICY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. The company had revenue of $2.70 billion during 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.