IHI (OTCMKTS:IHICY) Trading 9.6% Higher – Still a Buy?

Ihi Corp (OTCMKTS:IHICYGet Free Report)’s share price was up 9.6% on Monday . The company traded as high as $19.3250 and last traded at $19.01. Approximately 4,389 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 112,329 shares. The stock had previously closed at $17.35.

IHI Trading Down 3.5%

The company has a market cap of $19.91 billion, a PE ratio of 19.77 and a beta of 0.64. The company has a 50-day moving average of $17.21 and a 200 day moving average of $20.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.23 and a quick ratio of 0.81.

IHI (OTCMKTS:IHICYGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.46 earnings per share for the quarter. The company had revenue of $3.28 billion for the quarter.

About IHI

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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.

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