IHI (OTCMKTS:IHICY) Stock Price Up 6.2% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY)’s share price traded up 6.2% during trading on Friday . The stock traded as high as $27.96 and last traded at $27.96. 20,196 shares were traded during trading, a decline of 79% from the average session volume of 94,855 shares. The stock had previously closed at $26.3350.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of IHI from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 30th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

IHI Stock Performance

The business has a 50-day moving average of $22.06 and a 200 day moving average of $22.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The company has a market cap of $30.73 billion, a PE ratio of 40.54 and a beta of 0.68.

IHI (OTCMKTS:IHICY) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. IHI had a return on equity of 21.69% and a net margin of 6.50%.The business had revenue of $2.70 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.