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

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) gapped down prior to trading 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 Price Performance

The business has a fifty day moving average price of $27.33 and a 200 day moving average price of $23.19. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.57 and a beta of 0.79. 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 released its quarterly 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 net margin of 6.50% and a return on equity of 21.69%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.