Ihi Corporation (IHICY) Cut to Hold at Zacks Investment Research

Ihi Corporation (NASDAQ:IHICY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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 “

Ihi Corporation (NASDAQ:IHICY) opened at 8.60 on Wednesday. The company has a 50-day moving average of $8.70 and a 200 day moving average of $8.56. Ihi Corporation has a one year low of $6.31 and a one year high of $9.93. The firm has a market cap of $5.31 billion and a P/E ratio of 35.68.

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