Shares of Iochpe-Maxion SA (OTCMKTS:IOCJY – Get Free Report) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.58 and traded as high as $0.5959. Iochpe-Maxion shares last traded at $0.5959, with a volume of 1,200 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Bradesco Corretora cut Iochpe-Maxion to a “neutral” rating in a report on Tuesday, September 15th. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Report on IOCJY
Iochpe-Maxion Stock Up 17.3%
The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 1.15. The firm has a market cap of $274.81 million, a PE ratio of 12.70 and a beta of 0.79. The firm’s 50 day moving average is $0.63 and its 200-day moving average is $0.58.
Iochpe-Maxion (OTCMKTS:IOCJY – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. The firm had revenue of $778.82 million during the quarter, compared to analysts’ expectations of $784.78 million. As a group, equities research analysts expect that Iochpe-Maxion SA will post 0.08 earnings per share for the current fiscal 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.
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