IHI (OTCMKTS:IHICY) Sees Large Volume Increase – Here’s Why

by · The Cerbat Gem

Ihi Corp (OTCMKTS:IHICY – Get Free Report) saw strong trading volume on Monday . 85,874 shares were traded during mid-day trading, an increase of 257% from the previous session’s volume of 24,047 shares.The stock last traded at $17.5210 and had previously closed at $17.79.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of IHI from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on IHICY

IHI Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $20.39 billion, a PE ratio of 28.41 and a beta of 0.74. The business has a fifty day moving average price of $20.29 and a 200-day moving average price of $24.70.

About IHI

(Get Free Report)

IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.

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