Iochpe-Maxion (OTCMKTS:IOCJY) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Price action: Iochpe-Maxion's stock crossed above its 50-day moving average ($0.61), trading as high as $0.6825 with 930 shares changing hands.
• Earnings snapshot: The company reported an EPS of ($0.01), missing estimates by $0.02 while beating revenue estimates ($683.72M vs. $671.68M), and showed low profitability (ROE 2.06%, net margin 0.63%).
• Analyst and valuation context: Zacks raised the stock to a "Hold" and MarketBeat's average rating is "Hold"; the company has a $314.74M market cap, a P/E of 22.76, and modest liquidity (current ratio 1.74, quick ratio 1.06) with debt/equity of 1.12.

Iochpe-Maxion SA (OTCMKTS:IOCJY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.61 and traded as high as $0.6825. Iochpe-Maxion shares last traded at $0.6825, with a volume of 930 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Iochpe-Maxion to a "hold" rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Iochpe-Maxion presently has an average rating of "Hold".

Iochpe-Maxion Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.74 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average price of $0.61 and a 200 day moving average price of $0.66. The stock has a market cap of $314.74 million, a P/E ratio of 22.76 and a beta of 0.55.

Iochpe-Maxion (OTCMKTS:IOCJY - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). The business had revenue of $683.72 million for the quarter, compared to the consensus estimate of $671.68 million. Iochpe-Maxion had a return on equity of 2.06% and a net margin of 0.63%. As a group, sell-side analysts expect that Iochpe-Maxion SA will post 0.09 EPS for the current year.

About Iochpe-Maxion

Iochpe-Maxion SA OTCMKTS: IOCJY is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.

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