IOCHPE MAXION S/S (OTCMKTS:IOCJY)’s share price was up 10.7% during mid-day trading on Wednesday . The company traded as high as $1.66 and last traded at $1.66, approximately 10,548 shares changed hands during mid-day trading. An increase of 35,237% from the average daily volume of 30 shares. The stock had previously closed at $1.50.
A number of equities research analysts have recently issued reports on IOCJY shares. ValuEngine cut shares of IOCHPE MAXION S/S from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of IOCHPE MAXION S/S from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Friday, September 13th.
The firm has a market cap of $677.58 million, a PE ratio of 13.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.27. The company’s 50-day simple moving average is $1.70 and its two-hundred day simple moving average is $1.72.
Iochpe-Maxion SA produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, and internationally. It operates through two segments, Wheels and Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.
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