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

Key Points

• IHI Corp's shares gapped down to $28.00 from a previous close of $29.72, indicating a 5.8% decrease in stock price before the market opened on Tuesday.
• The company's most recent earnings report revealed an EPS of $0.13, which was below analysts' expectations of $0.20, raising concerns about its financial performance.
• IHI Corp has a market capitalization of $16.95 billion and operates across multiple segments includingenergy, infrastructure, and aerospace.

Shares of IHI CORP (OTCMKTS:IHICY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $29.72, but opened at $28.00. IHI shares last traded at $28.00, with a volume of 570 shares.

IHI Stock Performance

The firm has a market capitalization of $16.61 billion, a PE ratio of 23.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.77 and a current ratio of 1.16. The company's fifty day moving average price is $27.49 and its two-hundred day moving average price is $22.12.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a return on equity of 22.43% 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.