Iochpe-Maxion (OTCMKTS:IOCJY) Downgraded by Zacks Research to Strong Sell

Zacks Research lowered shares of Iochpe-Maxion (OTCMKTS:IOCJY) from a hold rating to a strong sell rating in a report released on Thursday morning,Zacks reports.

Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a research note on Tuesday, September 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Iochpe-Maxion Stock Performance

Shares of Iochpe-Maxion stock remained flat at $0.53 on Thursday. The company’s fifty day moving average is $0.64 and its two-hundred day moving average is $0.58. The firm has a market cap of $242.52 million, a PE ratio of 26.31 and a beta of 0.88. Iochpe-Maxion has a 1-year low of $0.48 and a 1-year high of $0.73. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.11 and a current ratio of 1.73.

Iochpe-Maxion (OTCMKTS:IOCJY) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a return on equity of 2.05% and a net margin of 0.63%. The business had revenue of $778.82 million for the quarter, compared to analyst estimates of $784.78 million. Equities analysts anticipate that Iochpe-Maxion will post 0.08 earnings per share for the current year.

About Iochpe-Maxion

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.

Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.

Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.