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

Key Points

• IHI shares gapped down Monday, opening at $22.52 versus a prior close of $23.5750 with about 11,059 shares trading, and the stock sits below its 50‑day moving average ($24.75) but slightly above its 200‑day moving average ($22.30).
• Zacks upgraded IHI from "strong sell" to "hold" on Feb. 20, and the consensus from two analysts reported by MarketBeat is a "Hold" rating.
• Fundamentals: market cap ~$24.71 billion and a P/E of 32.6; last quarter EPS was $0.18 on $2.70 billion revenue with a 21.69% ROE and a 6.5% net margin, indicating profitability despite a relatively rich valuation.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $23.5750, but opened at $22.52. IHI shares last traded at $22.52, with a volume of 11,059 shares trading hands.

Analyst Upgrades and Downgrades

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

IHI Stock Performance

The stock's 50-day moving average is $24.75 and its 200 day moving average is $22.30. The stock has a market cap of $24.71 billion, a price-to-earnings ratio of 32.60 and a beta of 0.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.17 and a quick ratio of 0.74.

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

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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