IHI (OTCMKTS:IHICY) Shares Gap Down – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $18.58, but opened at $17.6350. IHI shares last traded at $17.70, with a volume of 22,599 shares trading hands.

Analyst Upgrades and Downgrades

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

IHI Trading Down 4.8%

The stock has a market capitalization of $19.14 billion, a P/E ratio of 19.01 and a beta of 0.66. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average price is $19.87 and its two-hundred day moving average price is $21.03.

IHI (OTCMKTS:IHICY) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.46 earnings per share for the quarter. The business had revenue of $3.28 billion during 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.