IHI (OTCMKTS:IHICY) Shares Gap Down - What's Next?

Key Points

• IHI Corp shares gapped down from $19.25 to $18.50 prior to trading on Friday, experiencing a 6.7% decline.
• The company reported a net margin of 6.50% and a return on equity of 21.69%, but missed analysts' earnings estimates for the last quarter.
• IHI Corporation operates in multiple sectors including Energy, Environment, and Industrial Systems, offering a range of engineering solutions internationally.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $19.25, but opened at $18.50. IHI shares last traded at $18.50, with a volume of 305 shares changing hands.

IHI Trading Down 6.7%

The company's fifty day simple moving average is $26.91 and its two-hundred day simple moving average is $24.42. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $19.03 billion, a price-to-earnings ratio of 27.10 and a beta of 0.77.

IHI (OTCMKTS:IHICY - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.

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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