Iochpe-Maxion (OTCMKTS:IOCJY) Posts Earnings Results

Iochpe-Maxion (OTCMKTS:IOCJY) released its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02, Zacks reports. Iochpe-Maxion had a return on equity of 1.88% and a net margin of 0.58%.

Iochpe-Maxion Price Performance

Iochpe-Maxion stock remained flat at $0.54 during trading on Thursday. The firm has a market cap of $249.49 million, a PE ratio of 18.04 and a beta of 0.67. The business’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.57. Iochpe-Maxion has a 52 week low of $0.53 and a 52 week high of $0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.75 and a quick ratio of 1.14.

Iochpe-Maxion Company Profile

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.