IHI (OTCMKTS:IHICY) Trading 10.2% Higher - Here's What Happened

Key Points

• IHI's stock price surged 10.2% during mid-day trading, reaching $29.40, although trading volume decreased significantly by 95% compared to its average session.
• The company reported earnings of $0.39 per share last quarter, with a return on equity of 24.47% and a net margin of 6.93%.
• IHI Corporation specializes in providing engineering solutions across various sectors, including energy, infrastructure, and aerospace, among others.

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s share price traded up 10.2% on Thursday . The company traded as high as $29.40 and last traded at $29.40. 745 shares were traded during mid-day trading, a decline of 95% from the average session volume of 16,505 shares. The stock had previously closed at $26.69.

IHI Price Performance

The firm has a market capitalization of $16.76 billion, a PE ratio of 22.50 and a beta of 0.73. 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 business's 50 day moving average is $26.80 and its two-hundred day moving average is $20.56.

IHI (OTCMKTS:IHICY - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.39 EPS for the quarter. IHI had a net margin of 6.93% and a return on equity of 24.47%.

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.