Iochpe-Maxion (OTCMKTS:IOCJY) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Iochpe-Maxion SA (OTCMKTS:IOCJY) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.61 and traded as high as $0.6825. Iochpe-Maxion shares last traded at $0.6825, with a volume of 930 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Iochpe-Maxion to a “hold” rating in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Iochpe-Maxion Trading Up 17.6%

The company’s fifty day moving average is $0.61 and its 200-day moving average is $0.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.74 and a quick ratio of 1.06. The company has a market capitalization of $314.74 million, a PE ratio of 22.76 and a beta of 0.55.

Iochpe-Maxion (OTCMKTS:IOCJY) last announced its earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $683.72 million for the quarter, compared to the consensus estimate of $671.68 million. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.06%. On average, analysts anticipate that Iochpe-Maxion SA will post 0.09 EPS for the current fiscal year.

About Iochpe-Maxion

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.