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Iochpe-Maxion (OTCMKTS:IOCJY) Trading 0.6% Higher - 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.
  • Interested in Iochpe-Maxion? Here are five stocks we like better.

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

Iochpe-Maxion Price Performance

The business's 50 day moving average is $0.82 and its 200 day moving average is $0.63. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.04 and a current ratio of 1.68. The stock has a market cap of $439.72 million, a price-to-earnings 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 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The firm 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%. Equities analysts expect 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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