Hitachi (OTCMKTS:HTHIY) Upgraded by Zacks Research to Hold Rating

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

Hitachi Price Performance

Hitachi stock opened at $34.65 on Tuesday. The stock has a market capitalization of $157.16 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.62 and a beta of 0.91. The company’s fifty day moving average price is $30.35 and its 200 day moving average price is $31.39. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 1.10. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. Hitachi had a net margin of 7.30% and a return on equity of 12.02%. The business had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. As a group, equities research analysts anticipate that Hitachi will post 1.23 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.