IHI (OTCMKTS:IHICY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of IHI (OTCMKTS:IHICY) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

IHI Trading Down 1.1%

OTCMKTS IHICY opened at $17.36 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. IHI has a 1-year low of $6.78 and a 1-year high of $23.32. The firm’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $23.67. The company has a market capitalization of $18.80 billion, a PE ratio of 26.19 and a beta of 0.70.

About IHI

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.