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

Key Points

• IHI Corp shares gapped up to $28.65 from a previous close of $27.44, marking a 4.4% increase prior to trading on Monday.
• The company reported earnings of $0.13 EPS for the quarter, falling short of the $0.20 EPS analysts' consensus estimate.
• IHI Corporation operates across four segments, including energy, infrastructure, industrial systems, and aero engines, delivering engineering solutions both in Japan and internationally.

Shares of Ihi Corp (OTCMKTS:IHICY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $27.44, but opened at $28.65. IHI shares last traded at $28.65, with a volume of 521 shares traded.

IHI Stock Up 4.4%

The business's fifty day simple moving average is $27.49 and its 200 day simple moving average is $22.16. The company has a current ratio of 1.16, a quick ratio of 0.77 and a debt-to-equity ratio of 0.73. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 24.70 and a beta of 0.80.

IHI (OTCMKTS:IHICY - Get Free Report) last released its 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 22.43% 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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