IHI (OTCMKTS:IHICY) Shares Gap Down - Here's Why

Key Points

• IHI Corp experienced a significant gap down in shares, opening at $24.05 after closing at $29.68 on the previous day.
• The company reported earnings of $0.13 per share, which fell short of analysts' expectations by ($0.07).
• IHI's current market capitalization stands at $16.55 billion, with a price-to-earnings ratio of 23.57 and a beta of 0.79.

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $29.68, but opened at $24.05. IHI shares last traded at $24.05, with a volume of 100 shares traded.

IHI Trading Up 0.7%

The firm has a market capitalization of $16.77 billion, a PE ratio of 23.88 and a beta of 0.79. The stock's 50-day moving average price is $27.43 and its 200 day moving average price is $23.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71.

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

About IHI

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.