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

Key Points

• IHI Corporation's shares gapped down significantly from a prior close of $20.37 to an opening price of $17.76, representing an 8.6% drop.
• The company reported a quarterly earnings miss, with an EPS of $0.13 compared to the consensus estimate of $0.20.
• IHI has a current market capitalization of $20.17 billion and operates in sectors including energy, industrial systems, and aero-engine technologies.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $20.37, but opened at $17.76. IHI shares last traded at $17.76, with a volume of 1,242 shares traded.

IHI Trading Down 8.6%

The business has a fifty day moving average price of $26.26 and a 200 day moving average price of $24.48. The company has a market capitalization of $20.17 billion, a PE ratio of 28.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15.

IHI (OTCMKTS:IHICY - Get Free Report) last released its quarterly earnings data 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.

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