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

Ihi Corp (OTCMKTS:IHICY) gapped down before the market opened on Tuesday. The stock had previously closed at $17.89, but opened at $16.99. IHI shares last traded at $16.99, with a volume of 180 shares changing hands.

IHI Trading Down 2.7%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.79 and a current ratio of 1.26. The stock’s fifty day moving average is $17.47 and its 200 day moving average is $18.28. The stock has a market cap of $18.58 billion, a P/E ratio of 16.66 and a beta of 0.65.

IHI (OTCMKTS:IHICY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $2.35 billion during the quarter.

About IHI

IHI Corporation is a Japanese heavy-industry and engineering company headquartered in Tokyo. Founded in 1853 as Ishikawajima Shipyard, the company has developed into a diversified manufacturer and infrastructure provider serving customers in Japan and international markets.

IHI’s business activities include aerospace, space and defense systems; energy and environmental solutions; social infrastructure; and industrial machinery. Its products and services include aircraft engines and engine components, rocket and space-related equipment, power-generation systems, industrial plants, bridges, tunnels, and other infrastructure-related technologies.

The company works with government agencies, transportation operators, utilities, manufacturers, and other commercial customers.