IHS (NYSE:IHS) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• IHS shares moved above their 200-day moving average, reaching $8.34 and last trading at $8.3250, with approximately 1.4 million shares changing hands.
• Analysts maintain a generally neutral outlook: the stock has an average “Hold” rating and an $8.80 price target, based on two Buy, four Hold, and one Sell recommendation.
• IHS’s latest quarterly results fell short of expectations, reporting a $0.04 loss per share versus a projected $0.12 profit and revenue of $428.6 million versus the $442.7 million consensus estimate.

IHS Holding Limited (NYSE:IHS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.23 and traded as high as $8.34. IHS shares last traded at $8.3250, with a volume of 1,401,889 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of IHS in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $8.80.

IHS Trading Down 0.1%

The business's 50-day simple moving average is $8.23 and its two-hundred day simple moving average is $8.23. The company has a market capitalization of $2.79 billion, a PE ratio of 20.81 and a beta of 0.73.

IHS (NYSE:IHS - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The business services provider reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.16). The business had revenue of $428.60 million during the quarter, compared to analyst estimates of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

Hedge Funds Weigh In On IHS

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. bought a new stake in shares of IHS in the fourth quarter worth $27,000. Smartleaf Asset Management LLC bought a new position in IHS during the 4th quarter valued at $30,000. Quarry LP boosted its stake in IHS by 545.3% during the 3rd quarter. Quarry LP now owns 4,704 shares of the business services provider's stock valued at $32,000 after acquiring an additional 3,975 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in IHS during the 2nd quarter worth $72,000. Finally, NewEdge Advisors LLC acquired a new position in IHS during the 2nd quarter worth $85,000. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

IHS Company Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company's segments include Resources, Transportation and Consolidated Markets & Solutions. The Company's Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.

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