Zacks Investment Research downgraded shares of IHI (OTCMKTS:IHICY) from a buy rating to a hold rating in a research note published on Saturday morning.
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 “
Separately, ValuEngine cut IHI from a buy rating to a hold rating in a report on Thursday, January 18th.
Shares of OTCMKTS IHICY opened at $7.87 on Friday. The firm has a market cap of $4,857.90 and a price-to-earnings ratio of 56.21. IHI has a 52-week low of $7.46 and a 52-week high of $9.93. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 0.72.
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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, components for nuclear power plants, facilities for nuclear fuel cycle plants, gas turbine/diesel engines/gas engines, environment responsive systems, and lithium-ion batteries.
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