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

Ihi Corp (OTCMKTS:IHICYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $15.01, but opened at $16.79. IHI shares last traded at $17.10, with a volume of 32,086 shares trading hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on IHICY

IHI Trading Up 12.1%

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 company has a 50 day moving average of $18.24 and a two-hundred day moving average of $20.78. The stock has a market cap of $18.57 billion, a PE ratio of 18.44 and a beta of 0.62.

IHI (OTCMKTS:IHICYGet Free Report) last announced its quarterly earnings results 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

(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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