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

Key Points

• Ihi Corp shares gapped down — the stock opened at $20.00 after a $21.12 close and was last trading at $19.81, down about 3.2% on roughly 33,000 shares.
• Zacks upgraded the stock from a "strong sell" to a "hold," and MarketBeat shows a consensus rating of "Hold" based on two analysts.
• Recent earnings and valuation — IHI reported $0.18 EPS on $2.70 billion in revenue; the company has a market cap of about $21.55 billion and a P/E of 28.43.

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $21.12, but opened at $20.00. IHI shares last traded at $19.81, with a volume of 33,014 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised IHI from a "strong sell" rating to a "hold" rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

IHI Trading Down 3.2%

The stock's 50-day simple moving average is $24.75 and its two-hundred day simple moving average is $22.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market capitalization of $21.55 billion, a P/E ratio of 28.43 and a beta of 0.65.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $2.70 billion for the quarter. IHI had a net margin of 6.50% and a return on equity of 21.69%.

IHI Company Profile

IHI Corporation OTCMKTS: IHICY is a Japanese engineering and industrial conglomerate originally known as Ishikawajima‑Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI's principal activities span several sectors, including aerospace, energy and industrial machinery.

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