Hitachi (OTCMKTS:HTHIY) Sees Unusually-High Trading Volume – Should You Buy?

Hitachi Ltd. (OTCMKTS:HTHIY) saw unusually-high trading volume on Thursday . Approximately 951,992 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 621,623 shares.The stock last traded at $32.63 and had previously closed at $32.43.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Hitachi Stock Performance

The stock’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $30.56. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $162.60 billion, a PE ratio of 23.99, a PEG ratio of 1.40 and a beta of 0.86.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Hitachi had a return on equity of 13.38% and a net margin of 8.05%.The business had revenue of $17.68 billion for the quarter, compared to analyst estimates of $16.85 billion. On average, research analysts predict that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal 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.