Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up – Still a Buy?

Hitachi Constr (OTCMKTS:HTCMY) gapped up prior to trading on Wednesday . The stock had previously closed at $60.79, but opened at $72.52. Hitachi Constr shares last traded at $72.52, with a volume of 177 shares trading hands.

Hitachi Constr Price Performance

The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 13.21 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.82 and a current ratio of 1.71. The company has a 50-day moving average of $65.82 and a 200-day moving average of $70.06.

Hitachi Constr (OTCMKTS:HTCMY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.65 earnings per share (EPS) for the quarter. The firm had revenue of $2.07 billion for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.57%.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.