Iochpe-Maxion (OTCMKTS:IOCJY) Announces Earnings Results, Beats Expectations By $0.02 EPS

Iochpe-Maxion (OTCMKTS:IOCJY) announced its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02, Zacks reports. Iochpe-Maxion had a net margin of 1.23% and a return on equity of 4.22%.

Iochpe-Maxion Price Performance

OTCMKTS:IOCJY remained flat at $0.56 during midday trading on Thursday. The stock has a market cap of $258.51 million, a price-to-earnings ratio of 7.00 and a beta of 1.36. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 1.12. Iochpe-Maxion has a fifty-two week low of $0.46 and a fifty-two week high of $1.20. The business’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.69.

Iochpe-Maxion Company Profile

Iochpe-Maxion SA produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally. It operates in two divisions, Maxion Wheels and Maxion Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-ups, and SUVs, as well as light and medium commercial vehicles; wheels for agricultural machinery; and light aluminum wheels for automobiles.