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

Key Points

• IHI Corp shares gapped up from a previous close of $19.50 to $20.45, with recent trading at $21.40 and a volume of 21,546 shares.
• The company reported $0.13 earnings per share for the last quarter, missing analysts' estimates of $0.20 by $0.07, and has a net margin of 6.50%.
• IHI operates in multiple segments, providing engineering solutions including energy, industrial systems, and aerospace products and services internationally.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $19.50, but opened at $20.45. IHI shares last traded at $21.40, with a volume of 21,546 shares trading hands.

IHI Stock Performance

The firm has a market cap of $20.30 billion, a P/E ratio of 28.29 and a beta of 0.77. The stock's 50 day moving average is $25.51 and its two-hundred day moving average is $24.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.71.

IHI (OTCMKTS:IHICY - Get Free Report) last posted 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%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.