IHI (OTCMKTS:IHICY) Sees Unusually-High Trading Volume – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY) shares saw an uptick in trading volume on Tuesday . 33,082 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 24,983 shares.The stock last traded at $18.1245 and had previously closed at $17.7620.

Analysts Set New Price Targets

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

IHI Price Performance

The firm has a market capitalization of $19.50 billion, a PE ratio of 27.17 and a beta of 0.75. The company has a fifty day moving average price of $19.20 and a two-hundred day moving average price of $24.01. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70.

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.