IHI (OTCMKTS:IHICY) Shares Down 7.6% - Should You Sell?

Key Points

• IHI CORP shares fell by 7.6% during mid-day trading, hitting a low of $30.05, significantly below the previous close of $32.52.
• The company reported quarterly earnings of $0.13 per share, missing estimates by $0.07, despite having a return on equity of 21.69% and a net margin of 6.50%.
• IHI operates in various segments, including Energy, Environment, Social Infrastructure, and Defense, offering a range of engineering solutions and services internationally.

Shares of IHI CORP (OTCMKTS:IHICY - Get Free Report) dropped 7.6% during mid-day trading on Monday . The company traded as low as $30.05 and last traded at $30.05. Approximately 1,552 shares traded hands during trading, a decline of 89% from the average daily volume of 14,150 shares. The stock had previously closed at $32.52.

IHI Stock Performance

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 business has a 50-day simple moving average of $27.79 and a 200-day simple moving average of $24.30. The firm has a market capitalization of $17.99 billion, a PE ratio of 25.62 and a beta of 0.79.

IHI (OTCMKTS:IHICY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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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