IHI (OTCMKTS:IHICY) Downgraded by The Goldman Sachs Group to “Hold”

The Goldman Sachs Group downgraded shares of IHI (OTCMKTS:IHICY) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

IHI Stock Down 6.6%

OTCMKTS IHICY opened at $20.64 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15. The firm has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $24.61. IHI has a twelve month low of $6.78 and a twelve month high of $22.13. The stock has a market cap of $22.35 billion, a PE ratio of 31.14 and a beta of 0.77.

IHI (OTCMKTS:IHICY) last released its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.

About IHI

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.