IHI (OTCMKTS:IHICY) Shares Gap Up - Still a Buy?

Key Points

• IHI Corporation shares gapped up to $29.00 after closing at $27.12, indicating a 3.0% increase in stock price.
• The company reported a quarterly EPS of $0.13, missing estimates by $0.07, with a return on equity of 24.47% and a net margin of 6.93%.
• IHI operates in several sectors including Energy, Social Infrastructure, and Aero Engine, focusing on engineering solutions both domestically and internationally.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $27.12, but opened at $29.00. IHI shares last traded at $29.00, with a volume of 426 shares trading hands.

IHI Trading Up 3.0%

The stock has a fifty day simple moving average of $26.95 and a 200 day simple moving average of $20.73. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.77 and a current ratio of 1.16. The firm has a market cap of $16.92 billion, a P/E ratio of 22.72 and a beta of 0.80.

IHI (OTCMKTS:IHICY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a return on equity of 24.47% and a net margin of 6.93%.

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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