Hitachi (OTCMKTS:HTHIY) Sees Strong Trading Volume – Time to Buy?

by · The Cerbat Gem

Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) saw an uptick in trading volume on Tuesday . 639,942 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 330,399 shares.The stock last traded at $31.59 and had previously closed at $31.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Erste Group Bank upgraded Hitachi to a “hold” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Stock Report on Hitachi

Hitachi Price Performance

The company has a 50 day moving average of $30.54 and a 200 day moving average of $28.96. The stock has a market capitalization of $144.10 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The conglomerate reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. Hitachi had a return on equity of 10.83% and a net margin of 6.45%.The firm had revenue of $16.65 billion for the quarter, compared to analyst estimates of $2,463.27 billion. As a group, equities research analysts forecast that Hitachi Ltd. will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

(Get Free Report)

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.

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