Iochpe-Maxion (OTCMKTS:IOCJY) Stock Rating Lowered by Zacks Research

by · The Markets Daily

Iochpe-Maxion (OTCMKTS:IOCJY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday, Zacks reports.

Separately, Bradesco Corretora cut shares of Iochpe-Maxion to a “neutral” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

View Our Latest Stock Analysis on IOCJY

Iochpe-Maxion Price Performance

Iochpe-Maxion stock remained flat at $0.53 during midday trading on Thursday. The firm has a market capitalization of $242.52 million, a price-to-earnings ratio of 26.31 and a beta of 0.88. Iochpe-Maxion has a 52-week low of $0.48 and a 52-week high of $0.73. The company has a 50 day simple moving average of $0.64 and a 200 day simple moving average of $0.58. The company has a quick ratio of 1.11, a current ratio of 1.73 and a debt-to-equity ratio of 1.15.

Iochpe-Maxion (OTCMKTS:IOCJY – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a return on equity of 2.05% and a net margin of 0.63%. The company had revenue of $778.82 million during the quarter, compared to analysts’ expectations of $784.78 million. Research analysts forecast that Iochpe-Maxion will post 0.08 earnings per share for the current year.

Iochpe-Maxion Company Profile

(Get Free Report)

Iochpe-Maxion SA is a Brazil-based manufacturer of automotive components. Through its Maxion Wheels and Maxion Structural Components businesses, the company supplies products primarily to vehicle manufacturers and commercial-vehicle producers.

Its product portfolio includes steel and aluminum wheels, wheel components, chassis and structural assemblies, and other metal products used in passenger cars, trucks, buses, agricultural machinery, and off-highway vehicles. The company also provides engineering, development, and manufacturing services supporting the integration of these components into vehicle platforms.

Founded in Brazil in 1918, Iochpe-Maxion has expanded into an international supplier with manufacturing and other operations serving customers across the Americas, Europe, Asia, and Africa.

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