IHI (OTCMKTS:IHICY) Sets New 1-Year High – Here’s Why

IHI Co. (OTCMKTS:IHICY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $14.00 and last traded at $14.00, with a volume of 515 shares traded. The stock had previously closed at $13.50.

IHI Trading Up 3.7 %

The firm has a market capitalization of $8.66 billion, a P/E ratio of -16.88 and a beta of 0.22. The company has a current ratio of 1.16, a quick ratio of 0.72 and a debt-to-equity ratio of 0.89. The stock has a 50 day simple moving average of $10.65 and a 200-day simple moving average of $8.12.

IHI (OTCMKTS:IHICY) last announced its earnings results on Tuesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter. IHI had a negative net margin of 4.40% and a negative return on equity of 16.01%. The company had revenue of $2.23 billion during the quarter. On average, equities research analysts forecast that IHI Co. will post 0.81 EPS for the current fiscal year.

IHI Company Profile

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.