IHI (OTCMKTS:IHICY) Sees Large Volume Increase - Here's What Happened

Key Points

• IHI traded 65,862 shares on Monday, a decline of about 34% from the prior session's 99,674 shares, with the stock last at $20.44 versus a prior close of $20.80.
• Zacks Research upgraded IHI from a "strong sell" to a "hold", and the stock's consensus rating from two analysts is currently Hold.
• In the latest quarter IHI reported $0.18 EPS on $2.70 billion in revenue; the company has a market cap of about $22.38 billion and a trailing PE of 29.52.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 65,862 shares traded hands during trading, a decline of 34% from the previous session's volume of 99,674 shares.The stock last traded at $20.44 and had previously closed at $20.80.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of IHI from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".

IHI Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $22.38 billion, a PE ratio of 29.52 and a beta of 0.78. The stock's 50-day moving average is $24.41 and its two-hundred day moving average is $21.66.

IHI (OTCMKTS:IHICY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 earnings per share 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.

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