IHS (NYSE:IHS) Stock Crosses Above 200-Day Moving Average – Here’s Why

IHS Holding Limited (NYSE:IHS) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.20 and traded as high as $8.33. IHS shares last traded at $8.31, with a volume of 605,038 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded IHS from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.38.

IHS Trading Down 0.5%

The firm has a market capitalization of $2.79 billion, a P/E ratio of 15.68 and a beta of 0.73. The firm has a 50 day moving average price of $8.23 and a 200-day moving average price of $8.20.

IHS (NYSE:IHS) last released its earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The company had revenue of $415.40 million for the quarter, compared to the consensus estimate of $439.16 million.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IHS. Helikon Investments Ltd boosted its stake in shares of IHS by 81.2% during the 4th quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after purchasing an additional 3,934,727 shares during the period. Quaker Capital Investments LLC raised its position in IHS by 7.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after purchasing an additional 314,501 shares during the period. PSquared Asset Management AG bought a new stake in IHS in the first quarter worth about $35,749,000. Hsbc Holdings PLC bought a new stake in IHS in the first quarter worth about $33,532,000. Finally, JPMorgan Chase & Co. boosted its position in shares of IHS by 0.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock valued at $24,781,000 after buying an additional 21,468 shares during the period. Institutional investors own 17.54% of the company’s stock.

About IHS

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.