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

Shares of Ihi Corp (OTCMKTS:IHICY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $28.10, but opened at $26.85. IHI shares last traded at $26.89, with a volume of 180,334 shares trading hands.

IHI Stock Up 4.2%

The company's 50-day moving average is $22.79 and its 200 day moving average is $17.62. The company has a market capitalization of $17.22 billion, a PE ratio of 23.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.77 and a current ratio of 1.16.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter. IHI had a net margin of 6.93% and a return on equity of 24.47%.

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.