IHS (NYSE:IHS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of IHS Holding Limited (NYSE:IHS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.23 and traded as high as $8.34. IHS shares last traded at $8.3250, with a volume of 1,401,889 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IHS in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, IHS currently has a consensus rating of “Hold” and an average target price of $8.80.

IHS Trading Down 0.1%

The stock’s 50-day moving average price is $8.23 and its 200-day moving average price is $8.23. The company has a market capitalization of $2.79 billion, a P/E ratio of 20.81 and a beta of 0.73.

IHS (NYSE:IHS) last announced its quarterly earnings data on Tuesday, August 11th. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16). IHS had a net margin of 8.17% and a negative return on equity of 832.09%. The business had revenue of $428.60 million for the quarter, compared to the consensus estimate of $442.72 million.

Hedge Funds Weigh In On IHS

Several institutional investors have recently made changes to their positions in the stock. Groupe la Francaise acquired a new stake in shares of IHS during the 1st quarter worth approximately $5,101,000. Royal Bank of Canada boosted its position in IHS by 6,115.4% during the 1st quarter. Royal Bank of Canada now owns 108,831 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 107,080 shares during the period. Lazard Asset Management LLC grew its stake in IHS by 12.2% during the 1st quarter. Lazard Asset Management LLC now owns 290,176 shares of the business services provider’s stock worth $2,388,000 after buying an additional 31,552 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in IHS during the 1st quarter worth $4,129,000. Finally, Entropy Technologies LP increased its position in IHS by 98.0% in the first quarter. Entropy Technologies LP now owns 55,520 shares of the business services provider’s stock worth $457,000 after buying an additional 27,478 shares during the period. 17.54% of the stock is owned by institutional investors.

IHS Company Profile

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.