IHI (OTCMKTS:IHICY) Stock Falls 6.3% – Time to Sell?

Shares of Ihi Corp (OTCMKTS:IHICY – Get Free Report) were down 6.3% on Tuesday. The stock traded as low as $15.22 and last traded at $15.22. 2,311,174 shares were traded during mid-day trading, an increase of 1,915% from the average daily volume of 114,722 shares. The stock had previously closed at $16.25.

IHI Price Performance

The firm’s 50-day moving average price is $17.25 and its two-hundred day moving average price is $17.65. The company has a current ratio of 1.26, a quick ratio of 0.79 and a debt-to-equity ratio of 0.48. The stock has a market cap of $17.21 billion, a PE ratio of 15.43 and a beta of 0.68.

IHI (OTCMKTS:IHICY – Get Free Report) last announced its quarterly earnings results 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.

IHI Company Profile

(Get Free Report)

IHI Corporation is a Japanese heavy-industry company that develops and manufactures equipment and systems for the aerospace, energy, industrial, and infrastructure markets. Its businesses include aircraft engines, rocket and space systems, energy-related equipment, industrial machinery, and infrastructure solutions.

The company serves customers in Japan and international markets through a range of products and services, including power-generation systems, environmental technologies, transportation and logistics equipment, bridges, and other large-scale infrastructure.

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