IHI (OTCMKTS:IHICY) Issues Earnings Results

IHI (OTCMKTS:IHICY) posted its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, Zacks reports.

IHI Price Performance

Shares of IHI stock traded down $0.95 during trading hours on Thursday, reaching $16.95. The stock had a trading volume of 100,924 shares, compared to its average volume of 132,232. The stock’s 50 day moving average is $21.03 and its 200 day moving average is $21.25. The firm has a market capitalization of $18.35 billion, a PE ratio of 24.21 and a beta of 0.66. IHI has a twelve month low of $12.77 and a twelve month high of $30.47. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of IHI from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

IHI Company Profile

IHI Corporation (OTCMKTS: IHICY) is a Japanese engineering and industrial conglomerate originally known as Ishikawajima?Harima Heavy Industries. Headquartered in Tokyo, the company designs, manufactures and services a broad range of heavy machinery, equipment and integrated systems for industrial and infrastructure markets. Its securities are available to international investors through American depositary receipts that trade over the counter under the symbol IHICY.

IHI’s principal activities span several sectors, including aerospace, energy and industrial machinery.