Hitachi (OTCMKTS:HTHIY) Shares Gap Down – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $31.51, but opened at $30.43. Hitachi shares last traded at $31.1950, with a volume of 111,828 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Erste Group Bank upgraded shares of Hitachi to a “hold” rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Hitachi Trading Down 1.2%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.16. The stock has a market cap of $142.65 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.28 and a beta of 0.85. The company’s 50 day simple moving average is $31.15 and its two-hundred day simple moving average is $29.18.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Thursday, October 30th. The conglomerate reported $0.42 EPS for the quarter, beating the consensus estimate of $0.21 by $0.21. The business had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $2,463.27 billion. Hitachi had a return on equity of 13.10% and a net margin of 7.98%. Research analysts expect that Hitachi Ltd. will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

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.