IHI (OTCMKTS:IHICY) Shares Gap Up - Here's What Happened

Key Points

• IHI Corp shares experienced a notable increase, opening at $29.68 after a previous close of $27.30, with current trading at $28.20.
• The company reported earnings per share of $0.13 for the last quarter, missing analysts' expectations of $0.20.
• IHI has a market capitalization of $16.96 billion and is involved in various engineering solutions, including energy, environmental, and industrial systems.

IHI CORP (OTCMKTS:IHICY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $27.30, but opened at $29.68. IHI shares last traded at $28.20, with a volume of 1,760 shares trading hands.

IHI Price Performance

The company's 50 day moving average price is $27.58 and its 200-day moving average price is $23.95. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $16.96 billion, a PE ratio of 24.14 and a beta of 0.79.

IHI (OTCMKTS:IHICY - Get Free Report) last announced its quarterly 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 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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