IHI (OTCMKTS:IHICY) Stock Price Down 7.6% – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY – Get Free Report)’s share price fell 7.6% during trading on Thursday . The stock traded as low as $17.1650 and last traded at $17.1650. 4,782 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 105,168 shares. The stock had previously closed at $18.58.

Analyst Ratings Changes

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

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IHI Trading Down 2.7%

The stock has a market capitalization of $18.66 billion, a PE ratio of 18.53 and a beta of 0.66. The firm has a 50 day moving average price of $19.75 and a 200 day moving average price of $21.00. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

IHI (OTCMKTS:IHICY – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.46 EPS for the quarter. The company had revenue of $3.28 billion during the quarter.

IHI Company Profile

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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.

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