IHI (OTCMKTS:IHICY) Stock Price Down 5.4% – What’s Next?

Ihi Corp (OTCMKTS:IHICY)’s stock price was down 5.4% during trading on Wednesday . The stock traded as low as $19.77 and last traded at $19.77. Approximately 1,403 shares traded hands during trading, a decline of 99% from the average daily volume of 99,569 shares. The stock had previously closed at $20.90.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of IHI from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

IHI Stock Down 4.9%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17. The company has a market capitalization of $21.54 billion, a PE ratio of 28.43 and a beta of 0.78. The company’s 50-day moving average is $24.31 and its 200 day moving average is $21.55.

IHI (OTCMKTS:IHICY) last issued its earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $2.70 billion during the quarter.

About IHI

IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.