IHI (OTCMKTS:IHICY) Sees Large Volume Increase – Here’s What Happened

Shares of Ihi Corp (OTCMKTS:IHICY) saw strong trading volume on Monday . 65,862 shares traded hands during trading, a decline of 34% from the previous session’s volume of 99,674 shares.The stock last traded at $20.44 and had previously closed at $20.80.

Wall Street Analyst Weigh In

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

IHI Stock Performance

The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average is $24.31 and its two-hundred day moving average is $21.55. The company has a market capitalization of $22.65 billion, a P/E ratio of 29.89 and a beta of 0.78.

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

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.