IHI (OTCMKTS:IHICY) Hits New 1-Year High - Time to Buy?
IHI Corporation (OTCMKTS:IHICY) reached a new 52-week high of $22.13, closing at $22.09 with a trading volume of 27,436 shares. The company has a market cap of $23.92 billion, a P/E ratio of 33.33, and reported earnings of $0.13 per share, missing estimates. IHI operates in various sectors including energy, infrastructure, and aerospace. Despite its recent performance, analysts currently rate IHI as a Hold, suggesting there may be better investment opportunities available.
Shares of IHI CORP (OTCMKTS:IHICY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $22.13 and last traded at $22.09, with a volume of 27436 shares changing hands. The stock had previously closed at $19.41.
IHI Stock Performance
The business has a fifty day simple moving average of $25.35 and a two-hundred day simple moving average of $24.58. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The company has a market cap of $23.92 billion, a P/E ratio of 33.33 and a beta of 0.77.
IHI (OTCMKTS:IHICY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%.
About IHI
(Get Free Report)IHI Corporation designs and builds engineering solutions in Japan and internationally. The company operates through four segments: Resources, Energy and Environment; Social Infrastructure; Industrial Systems and General-Purpose Machinery; and Aero Engine, Space and Defense. The company engages in the manufacturing, sale, and provision of services related to power systems plants for land use and power systems for chips; carbon solutions comprising boilers and storage facilities; components for nuclear power plants; bridges and water gates, transport systems, shield systems, and concrete construction materials; vehicular turbochargers, parking, heat treatment and surface engineering; transport machineries; logistics and industrial systems; and rotating machineries comprising compressors, separation systems, and turbochargers for ships.
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