IHI (OTCMKTS:IHICY) Hits New 1-Year High - What's Next?

Key Points

• IHI Corp shares reached a new 52-week high at $30.47 during mid-day trading on Thursday, showing a significant increase from its previous close of $29.83.
• The company reported earnings of $0.13 per share for the quarter, which missed analysts’ estimates of $0.20 by $0.07.
• IHI has a market cap of $18.45 billion and a PE ratio of 26.27, indicating its valuation in the market space.

IHI CORP (OTCMKTS:IHICY - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.47 and last traded at $30.47, with a volume of 670 shares changing hands. The stock had previously closed at $29.83.

IHI Trading Up 2.1%

The stock has a 50-day moving average of $27.23 and a 200 day moving average of $21.37. The stock has a market cap of $18.45 billion, a PE ratio of 26.27 and a beta of 0.80. The company has a quick ratio of 0.77, a current ratio of 1.16 and a debt-to-equity ratio of 0.73.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share (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 22.43%.

IHI Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.