IHI (IHICY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of IHI (OTCMKTS:IHICY) from a sell rating to a hold rating in a research note issued to investors on Tuesday, March 20th.

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 “

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Separately, ValuEngine lowered IHI from a buy rating to a hold rating in a research note on Thursday, January 18th.

OTCMKTS:IHICY traded up $0.16 during mid-day trading on Tuesday, hitting $8.03. The company had a trading volume of 1,200 shares, compared to its average volume of 2,187. IHI has a fifty-two week low of $7.46 and a fifty-two week high of $9.93. The company has a current ratio of 1.25, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $4,956.66 and a price-to-earnings ratio of 57.36.

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IHI Company Profile

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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