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

Ihi Corp (OTCMKTS:IHICY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.40, but opened at $17.61. IHI shares last traded at $17.87, with a volume of 700 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

IHI Trading Up 3.2%

The company has a market cap of $18.94 billion, a PE ratio of 18.81 and a beta of 0.66. The stock’s 50 day moving average is $20.23 and its 200-day moving average is $21.10. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

IHI (OTCMKTS:IHICY) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $3.28 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.