Iochpe-Maxion (OTCMKTS:IOCJY) Stock Price Down 12.5% – Here’s Why

Iochpe-Maxion SA (OTCMKTS:IOCJY) dropped 12.5% during mid-day trading on Thursday . The stock traded as low as $0.5410 and last traded at $0.5410. 750 shares traded hands during trading, an increase of 956% from the average daily volume of 71 shares. The stock had previously closed at $0.6180.

Iochpe-Maxion Trading Down 12.5%

The stock has a market cap of $249.49 million, a PE ratio of 18.04 and a beta of 0.64. The company’s 50-day moving average price is $0.56 and its 200 day moving average price is $0.57. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.07 and a current ratio of 1.78.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA (OTCMKTS:IOCJY) is a global supplier of automotive wheels and structural components, serving major original equipment manufacturers in the passenger, light truck and commercial vehicle segments. The company’s expertise spans the design, engineering and production of both steel and aluminum wheels, as well as complex chassis and body structural assemblies.

Operations are organized into two primary divisions: Maxion Wheels and Maxion Structural Components. The wheels segment produces a broad range of products including stamped and forged steel wheels and aluminum cast wheels for cars, SUVs, light trucks, commercial trucks and trailers.