Zacks Research Downgrades Hitachi (OTCMKTS:HTHIY) to Strong Sell

Hitachi (OTCMKTS:HTHIY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Hitachi Stock Performance

Shares of OTCMKTS HTHIY opened at $27.35 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $30.89 and its two-hundred day moving average price is $31.73. Hitachi has a 52-week low of $25.00 and a 52-week high of $39.00. The stock has a market capitalization of $124.05 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.23 and a beta of 0.90.

Hitachi (OTCMKTS:HTHIY) last posted its earnings results on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $19.38 billion during the quarter, compared to analyst estimates of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. As a group, sell-side analysts forecast that Hitachi will post 1.28 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.