IHS (NYSE:IHS) Shares Cross Above 200 Day Moving Average – Time to Sell?

IHS Holding Limited (NYSE:IHS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.12 and traded as high as $8.17. IHS shares last traded at $8.1450, with a volume of 513,003 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.38.

IHS Price Performance

The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 15.35 and a beta of 0.73. The firm has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $8.12.

IHS (NYSE:IHS) last announced its earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). The firm had revenue of $415.40 million during the quarter, compared to analyst estimates of $439.16 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

Institutional Trading of IHS

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Helikon Investments Ltd boosted its holdings in IHS by 81.2% during the fourth quarter. Helikon Investments Ltd now owns 8,780,288 shares of the business services provider’s stock worth $65,501,000 after purchasing an additional 3,934,727 shares during the last quarter. Quaker Capital Investments LLC increased its stake in IHS by 7.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock valued at $34,942,000 after buying an additional 314,501 shares during the last quarter. PSquared Asset Management AG acquired a new stake in IHS in the 1st quarter valued at $35,749,000. Hsbc Holdings PLC acquired a new stake in IHS in the 1st quarter valued at $33,532,000. Finally, JPMorgan Chase & Co. lifted its position in IHS by 0.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,321,835 shares of the business services provider’s stock worth $24,781,000 after buying an additional 21,468 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors and hedge funds.

About IHS

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.