IHI (OTCMKTS:IHICY) Sees Strong Trading Volume – Here’s What Happened

Shares of Ihi Corp (OTCMKTS:IHICY) saw an uptick in trading volume on Tuesday . 139,958 shares traded hands during trading, an increase of 45% from the previous session’s volume of 96,810 shares.The stock last traded at $25.85 and had previously closed at $26.80.

Analyst Ratings Changes

Several equities analysts have recently weighed in on IHICY shares. Zacks Research lowered shares of IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, IHI has an average rating of “Reduce”.

IHI Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.19 and a quick ratio of 0.74. The business’s fifty day moving average price is $21.71 and its 200-day moving average price is $22.80. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 37.91 and a beta of 0.68.

IHI (OTCMKTS:IHICY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $2.70 billion for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%.

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.