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

Ihi Corp (OTCMKTS:IHICY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $21.76, but opened at $20.90. IHI shares last traded at $20.90, with a volume of 205,814 shares traded.

Analyst Ratings Changes

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

IHI Trading Down 4.4%

The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The company has a fifty day moving average of $24.41 and a 200-day moving average of $21.71. The firm has a market capitalization of $22.52 billion, a PE ratio of 29.71 and a beta of 0.78.

IHI (OTCMKTS:IHICY) last posted its earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $2.70 billion for 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.