IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $18.89, but opened at $18.01. IHI shares last traded at $18.10, with a volume of 21,079 shares changing hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, IHI presently has an average rating of “Hold”.

IHI Price Performance

The stock has a market capitalization of $19.62 billion, a PE ratio of 27.34 and a beta of 0.75. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The firm’s 50-day moving average price is $19.45 and its 200-day moving average price is $24.40.

IHI Company Profile

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.