IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s Why

Ihi Corp (OTCMKTS:IHICY) shares gapped down before the market opened on Friday . The stock had previously closed at $21.76, but opened at $20.90. IHI shares last traded at $20.90, with a volume of 205,814 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

IHI Stock Performance

The business’s fifty day moving average price is $24.46 and its 200-day moving average price is $21.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The stock has a market cap of $22.53 billion, a PE ratio of 29.73 and a beta of 0.78.

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

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.