IHI (OTCMKTS:IHICY) Hits New 52-Week High – Here’s Why

Ihi Corp (OTCMKTS:IHICY) shares hit a new 52-week high on Thursday . The stock traded as high as $22.13 and last traded at $22.09, with a volume of 27436 shares changing hands. The stock had previously closed at $19.41.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

IHI Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The company has a market cap of $23.14 billion, a P/E ratio of 32.25 and a beta of 0.77. The business has a fifty day moving average of $24.98 and a 200 day moving average of $24.64.

IHI (OTCMKTS:IHICY) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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.