IHI (OTCMKTS:IHICY) Shares Up 6.7% - Here's What Happened

Key Points

• IHI Corporation's shares increased by 6.7%, reaching a trading price of $29.53, despite an 83% decline in trading volume.
• The company reported a PE ratio of 24.01 and earnings per share of $0.39 in its most recent quarterly earnings.
• IHI operates in multiple sectors including Resources, Energy, Environment, and Aero Engine, Space, and Defense, providing a range of engineering solutions globally.

IHI CORP (OTCMKTS:IHICY - Get Free Report)'s stock price was up 6.7% during trading on Monday . The stock traded as high as $29.53 and last traded at $29.53. Approximately 407 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 2,335 shares. The stock had previously closed at $27.68.

IHI Trading Up 0.0%

The firm has a market cap of $17.18 billion, a P/E ratio of 24.46 and a beta of 0.80. 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 company's fifty day moving average price is $27.04 and its two-hundred day moving average price is $20.89.

IHI (OTCMKTS:IHICY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.07). IHI had a return on equity of 22.43% and a net margin of 6.50%.

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.