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

Ihi Corp (OTCMKTS:IHICY) shares gapped up prior to trading on Friday . The stock had previously closed at $18.83, but opened at $20.19. IHI shares last traded at $19.5375, with a volume of 2,600 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group downgraded IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI presently has a consensus rating of “Hold”.

IHI Stock Down 3.4%

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The company has a market capitalization of $21.18 billion, a price-to-earnings ratio of 29.51 and a beta of 0.74. The firm’s 50-day simple moving average is $19.93 and its two-hundred day simple moving average is $24.66.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.