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

Key Points

• IHI Corporation experienced a significant increase in trading volume of 33%, with approximately 19,310 shares traded compared to 14,519 shares previously.
• The stock currently trades at $26.31, down from its previous close of $27.09, reflecting potential changes in investor sentiment.
• IHI's recent earnings report revealed EPS of $0.13, missing estimates by $0.07 and indicating challenges in meeting analyst expectations.

IHI CORP (OTCMKTS:IHICY - Get Free Report) shares saw strong trading volume on Friday . 19,310 shares changed hands during mid-day trading, an increase of 33% from the previous session's volume of 14,519 shares.The stock last traded at $26.31 and had previously closed at $27.09.

IHI Trading Down 5.0%

The business's fifty day moving average is $27.55 and its 200-day moving average is $23.93. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15. The firm has a market cap of $15.59 billion, a P/E ratio of 23.36 and a beta of 0.79.

IHI (OTCMKTS:IHICY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). IHI had a return on equity of 21.69% and a net margin of 6.50%.

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.