IHS (NYSE:IHS) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• IHS shares rose above their 200-day moving average, reaching $8.44 and last trading near $8.44, compared with the moving average of $8.30.
• Analyst sentiment remains mixed: Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the broader consensus is “Hold” with a $8.80 price target.
• The company’s latest quarter 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) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $8.30 and traded as high as $8.44. IHS shares last traded at $8.4350, with a volume of 368,697 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of IHS from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $8.80.

IHS Stock Performance

The firm has a market capitalization of $2.85 billion, a P/E ratio of 21.09 and a beta of 0.74. The firm has a 50 day simple moving average of $8.40 and a two-hundred day simple moving average of $8.30.

IHS (NYSE:IHS - Get Free Report) last posted its earnings results on Monday, August 10th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.16). The firm had revenue of $428.60 million during the quarter, compared to the consensus estimate of $442.72 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

Institutional Investors Weigh In On IHS

Institutional investors have recently added to or reduced their stakes in the company. PSquared Asset Management AG bought a new position in shares of IHS during the 1st quarter worth approximately $35,749,000. Hsbc Holdings PLC purchased a new position in shares of IHS in the 1st quarter worth approximately $33,532,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of IHS by 42.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,586,145 shares of the business services provider's stock valued at $21,284,000 after acquiring an additional 768,286 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of IHS by 61.1% in the first quarter. Renaissance Technologies LLC now owns 2,258,100 shares of the business services provider's stock valued at $18,584,000 after acquiring an additional 856,800 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of IHS by 60.6% in the second quarter. Squarepoint Ops LLC now owns 1,149,563 shares of the business services provider's stock valued at $9,472,000 after acquiring an additional 433,811 shares in the last quarter. 17.54% of the stock is owned by institutional investors.

IHS Company Profile

IHS Holding Limited is a telecommunications infrastructure company that develops, owns, and operates shared communications infrastructure. Its core business is providing wireless telecommunications towers and related infrastructure that mobile network operators use to expand network coverage and capacity.

The company's services include tower leasing, site management, power management, and infrastructure support. By allowing multiple telecommunications providers to share tower sites and related facilities, IHS helps operators deploy and maintain wireless networks while improving the efficiency of their infrastructure investments.

IHS has historically focused on emerging markets across Africa, Latin America, and the Middle East, serving mobile network operators and other communications customers in those regions.

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