Hitachi (OTCMKTS:HTHIY) Shares Pass Below 50 Day Moving Average of $72.57

Hitachi, Ltd. (OTCMKTS:HTHIY)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $72.57 and traded as low as $73.95. Hitachi shares last traded at $74.23, with a volume of 46,142 shares traded.

A number of research firms have weighed in on HTHIY. ValuEngine downgraded shares of Hitachi from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Zacks Investment Research downgraded shares of Hitachi from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 29th.

The company has a quick ratio of 0.97, a current ratio of 1.38 and a debt-to-equity ratio of 0.20. The company has a market cap of $35.88 billion, a PE ratio of 17.18, a P/E/G ratio of 0.68 and a beta of 1.13. The stock’s 50 day simple moving average is $72.57 and its two-hundred day simple moving average is $70.33.

Hitachi (OTCMKTS:HTHIY) last issued its earnings results on Monday, July 29th. The conglomerate reported $2.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $1.14. Hitachi had a net margin of 2.56% and a return on equity of 7.26%. The business had revenue of $18.82 billion for the quarter. Analysts forecast that Hitachi, Ltd. will post 8.52 EPS for the current year.

About Hitachi (OTCMKTS:HTHIY)

Hitachi, Ltd. provides information and telecommunication systems, social infrastructure and industrial systems, electronic systems and equipment, construction machinery, high functional materials and components, automotive systems, smart life and ecofriendly systems, other products, and financial services in Japan and internationally.

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