IHI (OTCMKTS:IHICY) Shares Gap Down – Should You Sell?

Ihi Corp (OTCMKTS:IHICY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.60, but opened at $26.4050. IHI shares last traded at $26.77, with a volume of 10,354 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

IHI Trading Down 7.0%

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average is $22.26 and its two-hundred day moving average is $22.76. The company has a market capitalization of $28.81 billion, a PE ratio of 38.01 and a beta of 0.68.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 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 during the quarter.

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.