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

Key Points

• IHI shares gapped down before trading, opening at $20.90 versus a prior close of $21.76 (about a 4.4% drop) on volume of 205,814 shares.
• Zacks upgraded IHI from "strong sell" to "hold," and the stock's consensus rating is now "Hold" (two analysts).
• Fundamentals/earnings: market cap $22.53B and P/E 29.73, last quarter EPS $0.18 on $2.70B revenue, with the share price below the 50‑day moving average ($24.46) and near the 200‑day ($21.78).

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $21.76, but opened at $20.90. IHI shares last traded at $20.90, with a volume of 205,814 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of IHI from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IHI presently has an average rating of "Hold".

IHI Stock Down 4.4%

The company's 50-day moving average is $24.46 and its 200 day moving average is $21.78. The company has a market capitalization of $22.53 billion, a PE ratio of 29.73 and a beta of 0.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.74 and a current ratio of 1.17.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.18 EPS for the quarter. The firm had revenue of $2.70 billion for the quarter.

About IHI

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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