IHI (OTCMKTS:IHICY) Shares Gap Down – Here’s What Happened

Ihi Corp (OTCMKTS:IHICY) gapped down before the market opened on Friday . The stock had previously closed at $17.90, but opened at $17.2750. IHI shares last traded at $17.2750, with a volume of 255 shares.

IHI Price Performance

The firm has a market cap of $19.00 billion, a PE ratio of 17.04 and a beta of 0.65. The firm’s fifty day simple moving average is $17.36 and its two-hundred day simple moving average is $18.97. The company has a quick ratio of 0.81, a current ratio of 1.23 and a debt-to-equity ratio of 0.54.

IHI (OTCMKTS:IHICY) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $2.35 billion during the quarter.

IHI Company Profile

IHI Corporation is a Japanese heavy-industry and engineering company headquartered in Tokyo. Founded in 1853 as Ishikawajima Shipyard, the company has developed into a diversified manufacturer and infrastructure provider serving customers in Japan and international markets.

IHI’s business activities include aerospace, space and defense systems; energy and environmental solutions; social infrastructure; and industrial machinery. Its products and services include aircraft engines and engine components, rocket and space-related equipment, power-generation systems, industrial plants, bridges, tunnels, and other infrastructure-related technologies.

The company works with government agencies, transportation operators, utilities, manufacturers, and other commercial customers.