IHI (OTCMKTS:IHICY) Shares Gap Up - Time to Buy?

Key Points

• IHI Corp's shares opened at $20.90, having previously closed at $19.06, indicating a significant gap up in the market.
• The company reported a net margin of 6.50% and a return on equity of 21.69%, but its earnings per share of $0.13 missed the consensus estimate of $0.20.
• IHI has a market capitalization of $22.14 billion and operates in four main segments including Energy and Environment and Aero Engine, Space and Defense.

Shares of IHI CORP (OTCMKTS:IHICY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $19.06, but opened at $20.90. IHI shares last traded at $20.90, with a volume of 357 shares changing hands.

IHI Trading Up 9.6%

The firm has a market capitalization of $22.14 billion, a PE ratio of 31.52 and a beta of 0.77. The company's 50-day simple moving average is $27.19 and its 200 day simple moving average is $24.43. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70.

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

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