IHS (NYSE:IHS) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

IHS Holding Limited (NYSE:IHS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.12 and traded as high as $8.17. IHS shares last traded at $8.1450, with a volume of 513,003 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8.38.

IHS Trading Down 0.2%

The firm has a market capitalization of $2.73 billion, a PE ratio of 15.37 and a beta of 0.73. The firm has a 50 day simple moving average of $8.25 and a 200 day simple moving average of $8.12.

IHS (NYSE:IHS) last announced its quarterly earnings results on Monday, May 11th. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.12). IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The business had revenue of $415.40 million for the quarter, compared to the consensus estimate of $439.16 million.

Hedge Funds Weigh In On IHS

Hedge funds and other institutional investors have recently modified their holdings of the company. Groupe la Francaise bought a new position in IHS in the first quarter valued at about $5,101,000. Royal Bank of Canada lifted its holdings in IHS by 6,115.4% during the first quarter. Royal Bank of Canada now owns 108,831 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 107,080 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of IHS by 12.2% during the 1st quarter. Lazard Asset Management LLC now owns 290,176 shares of the business services provider’s stock valued at $2,388,000 after buying an additional 31,552 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of IHS in the first quarter valued at about $4,129,000. Finally, Entropy Technologies LP lifted its position in shares of IHS by 98.0% in the first quarter. Entropy Technologies LP now owns 55,520 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 27,478 shares in the last quarter. 17.54% of the stock is owned by institutional investors.

About IHS

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.