Iochpe-Maxion (OTCMKTS:IOCJY) Cut to “Strong Sell” at Zacks Research

Iochpe-Maxion (OTCMKTS:IOCJY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

Separately, Bradesco Corretora downgraded Iochpe-Maxion to a “neutral” rating in a report on Tuesday, September 15th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Iochpe-Maxion currently has an average rating of “Reduce”.

Iochpe-Maxion Stock Performance

OTCMKTS:IOCJY opened at $0.53 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.11 and a debt-to-equity ratio of 1.15. The stock has a market cap of $242.52 million, a price-to-earnings ratio of 13.15 and a beta of 0.88. Iochpe-Maxion has a 12 month low of $0.48 and a 12 month high of $0.73. The company has a 50-day moving average price of $0.64 and a 200-day moving average price of $0.58.

Iochpe-Maxion (OTCMKTS:IOCJY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Iochpe-Maxion had a net margin of 0.63% and a return on equity of 2.05%. The business had revenue of $778.82 million during the quarter, compared to analyst estimates of $784.78 million. Equities analysts predict that Iochpe-Maxion will post 0.08 EPS for the current year.

Iochpe-Maxion Company Profile

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.