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Iochpe-Maxion (OTCMKTS:IOCJY) Shares Up 0.6% - Here's What Happened

Iochpe-Maxion logo with Auto/Tires/Trucks background

Key Points

  • Iochpe-Maxion's stock price increased by 0.6% on Monday, trading at $0.95 with a significant rise in trading volume of 270% compared to its average session.
  • The company reported $0.03 earnings per share for the last quarter, matching analyst expectations, but its revenue of $746.48 million fell short of the estimate of $4.26 billion.
  • Iochpe-Maxion operates in two divisions, producing automotive wheels and structural components for various vehicles across multiple global markets.
  • MarketBeat previews top five stocks to own in October.

Iochpe-Maxion SA (OTCMKTS:IOCJY - Get Free Report)'s stock price shot up 0.6% on Monday . The stock traded as high as $0.95 and last traded at $0.95. 2,035 shares were traded during trading, an increase of 270% from the average session volume of 550 shares. The stock had previously closed at $0.95.

Iochpe-Maxion Stock Performance

The company has a current ratio of 1.68, a quick ratio of 1.04 and a debt-to-equity ratio of 1.10. The company's 50-day moving average price is $0.79 and its two-hundred day moving average price is $0.62. The company has a market cap of $439.72 million, a P/E ratio of 9.54 and a beta of 0.93.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $746.48 million during the quarter, compared to analyst estimates of $4.26 billion. Iochpe-Maxion had a net margin of 1.74% and a return on equity of 5.67%. As a group, equities analysts forecast that Iochpe-Maxion SA will post 0.09 earnings per share for the current year.

Iochpe-Maxion Company Profile

(Get Free Report)

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.

Further Reading

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