IHI (OTCMKTS:IHICY) Trading Up 12.9% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY)’s stock price shot up 12.9% on Friday . The company traded as high as $27.4350 and last traded at $27.4350. 36,721 shares were traded during mid-day trading, a decline of 65% from the average session volume of 103,868 shares. The stock had previously closed at $24.30.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IHICY. The Goldman Sachs Group downgraded shares of IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Zacks Research cut IHI from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

IHI Price Performance

The stock has a 50-day moving average price of $20.35 and a two-hundred day moving average price of $22.77. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market cap of $28.38 billion, a price-to-earnings ratio of 39.54 and a beta of 0.68.

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.