IHI (OTCMKTS:IHICY) Shares Gap Up – What’s Next?

Shares of Ihi Corp (OTCMKTS:IHICY) gapped up prior to trading on Thursday . The stock had previously closed at $26.3350, but opened at $29.03. IHI shares last traded at $27.6350, with a volume of 2,938 shares changing hands.

Analysts Set New Price Targets

IHICY has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Zacks Research downgraded shares of IHI from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

IHI Stock Up 2.1%

The stock’s 50 day moving average is $21.71 and its 200 day moving average is $22.80. The company has a market capitalization of $29.12 billion, a PE ratio of 38.41 and a beta of 0.68. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 1.19.

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

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.