IHI (OTCMKTS:IHICY) Trading 9% Higher - Still a Buy?

Ihi Corp (OTCMKTS:IHICY - Get Free Report)'s share price rose 9% on Monday . The company traded as high as $23.24 and last traded at $23.24. Approximately 13,372 shares traded hands during trading, a decline of 44% from the average daily volume of 23,778 shares. The stock had previously closed at $21.33.Analysts Set New Price TargetsSeparately, The Goldman Sachs Group lowered IHI from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat, IHI has an average rating of "Hold".Get Our Latest Research Report on IHICYIHI Price PerformanceThe company has a debt-to-equity ratio of 0.70, a quick ratio of 0.71 and a current ratio of 1.15. The firm's fifty day simple moving average is $24.28 and its 200 day simple moving average is $24.90. The firm has a market cap of $24.34 billion, a P/E ratio of 33.91 and a beta of 0.77. IHI (OTCMKTS:IHICY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). IHI had a net margin of 6.50% and a return on equity of 21.69%. About IHI (Get Free Report)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.Featured StoriesFive stocks we like better than IHIETF Screener: Uses and Step-by-Step Guide $134M in Insider Moves: What It Might Mean for KMI, ISRG and QSEnergy and Oil Stocks Explained3 Stocks Flashing Buy Signals With $8.5 Billion in Buybacks2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Freshpet Insiders Called the Bottom: Now It’s Time to BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in IHI Right Now?Before you consider IHI, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IHI wasn't on the list.While IHI currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here