Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.91 and traded as low as $29.92. Hitachi shares last traded at $30.11, with a volume of 522,218 shares.
Hitachi Stock Performance
The stock has a 50 day simple moving average of $31.46 and a 200 day simple moving average of $31.90. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of $136.57 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 1.33 and a beta of 0.90.
Hitachi (OTCMKTS:HTHIY – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. On average, equities analysts expect that Hitachi Ltd. will post 1.29 earnings per share for the current year.
About Hitachi
Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.
The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.
Read More
- Five stocks we like better than Hitachi
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
- Beyond the AI Trade: 3 Defensive Stocks Built for Stability
- MarketBeat Week in Review – 06/15 – 06/19
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
Receive News & Ratings for Hitachi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hitachi and related companies with MarketBeat.com's FREE daily email newsletter.
