IHI (OTCMKTS:IHICY) Shares Gap Down - Time to Sell?

Key Points

• IHI Corp shares gapped down to $28.50, down 4.1% from the previous close of $29.72, indicating potential concerns among investors.
• The company reported Q2 earnings of $0.13 EPS, missing analysts' expectations of $0.20 by $0.07.
• IHI operates in four segments, including Resources, Energy and Environment and Aero Engine, Space and Defense, providing engineering solutions globally.

IHI CORP (OTCMKTS:IHICY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $29.72, but opened at $28.50. IHI shares last traded at $28.50, with a volume of 615 shares trading hands.

IHI Trading Down 4.1%

The firm has a market cap of $17.26 billion, a P/E ratio of 24.57 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. The company's 50 day moving average is $27.86 and its two-hundred day moving average is $24.40.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings results 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%.

IHI Company Profile

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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