IHI (OTCMKTS:IHICY) Shares Gap Down – Should You Sell?

by · The Markets Daily

Ihi Corp (OTCMKTS:IHICY – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $20.24, but opened at $19.48. IHI shares last traded at $19.48, with a volume of 7,765 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered IHI from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Read Our Latest Analysis on IHI

IHI Stock Down 0.9%

The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The business has a 50-day simple moving average of $19.93 and a two-hundred day simple moving average of $24.67. The stock has a market capitalization of $20.99 billion, a P/E ratio of 29.24 and a beta of 0.75.

IHI Company Profile

(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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