IHI (OTCMKTS:IHICY) Trading 4% Higher – Still a Buy?

Ihi Corp (OTCMKTS:IHICYGet Free Report)’s stock price was up 4% during mid-day trading on Monday . The company traded as high as $17.78 and last traded at $17.78. Approximately 42,705 shares traded hands during trading, a decline of 60% from the average session volume of 107,804 shares. The stock had previously closed at $17.10.

IHI Stock Performance

The company has a market cap of $18.43 billion, a PE ratio of 16.52 and a beta of 0.65. The stock has a 50 day simple moving average of $17.35 and a two-hundred day simple moving average of $19.65. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 0.81.

IHI (OTCMKTS:IHICYGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $2.35 billion for the quarter.

About IHI

(Get Free Report)

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.

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