IHI (OTCMKTS:IHICY) Stock Price Up 5.9% - Still a Buy?

Key Points

• IHI shares rose 5.9% on Tuesday, reaching a trading high of $19.90 despite a significant drop in trading volume, down 93% from the average.
• The company reported quarterly earnings of $0.13 per share, which missed analysts' expectations of $0.20, resulting in a net margin of 6.50%.
• IHI Corporation operates in various sectors including energy, infrastructure, and industrial systems, focusing on engineering solutions both in Japan and internationally.

Ihi Corp (OTCMKTS:IHICY - Get Free Report) shares shot up 5.9% on Tuesday . The company traded as high as $19.90 and last traded at $19.90. 1,833 shares traded hands during trading, a decline of 93% from the average session volume of 24,515 shares. The stock had previously closed at $18.80.

IHI Trading Down 3.7%

The business's 50 day moving average price is $25.71 and its 200-day moving average price is $24.63. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 28.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15.

IHI (OTCMKTS:IHICY - Get Free Report) last released its quarterly earnings data 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.

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