IHI (OTCMKTS:IHICY) Shares Down 4.4% - Time to Sell?

Key Points

• IHI Corp's shares fell by 4.4% to a trading low of $28.36, with trading volume decreasing by 93% compared to its average.
• The company reported a miss in earnings per share at $0.13 for the quarter, falling short of analysts' estimates of $0.20.
• IHI Corporation operates across four segments including Energy and Environment and Aero Engine, Space and Defense, focusing on engineering solutions both domestically and internationally.

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s share price dropped 4.4% during mid-day trading on Friday . The stock traded as low as $28.36 and last traded at $28.36. Approximately 1,067 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 14,994 shares. The stock had previously closed at $29.68.

IHI Price Performance

The firm's fifty day moving average price is $27.36 and its 200-day moving average price is $23.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71. The firm has a market capitalization of $17.97 billion, a P/E ratio of 25.59 and a beta of 0.79.

IHI (OTCMKTS:IHICY - Get Free Report) last issued 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.

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