IHI CORP/ADR (OTCMKTS:IHICY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of IHI CORP/ADR (OTCMKTS:IHICY) from a hold rating to a sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “IHI Corp. engages in the design, manufacture, sale, installation, repair, overhaul and maintenance of heavy machinery. Resources, Energy and Environment segment includes boilers, power systems, motors for land and marine use, gas processes. Social Infrastructure and Offshore Facility segment handles bridges, water gates, shield tunneling machines, transportation systems, urban development, floating liquefied natural gas storage facilities and offshore structures. Industrial System and General-Purpose Machinery segment offers marine machinery, logistics systems, materials handling equipment, parking systems, steel manufacturing equipment, industrial machinery, heat and surface treatment, papermaking machinery, vehicular turbochargers and compressors, construction machinery and agricultural equipment. Aero Engine, Space and Defense segment deals with aero engines, rocket systems, space utilization systems and defense systems. Others segment includes inspection and measurement business. IHI Corp. is headquartere “

Shares of IHICY stock opened at $3.28 on Wednesday. IHI CORP/ADR has a 1 year low of $2.70 and a 1 year high of $6.30. The firm’s fifty day simple moving average is $3.65 and its 200 day simple moving average is $4.70. The firm has a market capitalization of $2.02 billion, a P/E ratio of 16.40 and a beta of -0.29. The company has a current ratio of 1.18, a quick ratio of 0.69 and a debt-to-equity ratio of 0.65.

IHI CORP/ADR (OTCMKTS:IHICY) last announced its earnings results on Tuesday, May 19th. The company reported $0.13 earnings per share (EPS) for the quarter. IHI CORP/ADR had a net margin of 0.92% and a return on equity of 1.75%. The business had revenue of $4.26 billion for the quarter. Equities research analysts anticipate that IHI CORP/ADR will post -0.01 EPS for the current fiscal year.

About IHI CORP/ADR

IHI Corporation, together with its subsidiaries, manufactures and sells machinery and equipment in Japan, the Americas, Europe, the Asia Pacific, and internationally. It offers boilers, environment responsive systems, components for nuclear power plants, and facilities for nuclear fuel cycle plants, as well as gas turbine/diesel engines/gas engines.

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