Hitachi (OTCMKTS:HTHIY) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.44 and traded as low as $28.08. Hitachi shares last traded at $29.11, with a volume of 754,487 shares.

Wall Street Analyst Weigh In

Separately, Nomura raised shares of Hitachi to a “strong-buy” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Hitachi currently has an average rating of “Moderate Buy”.

Hitachi Stock Down 0.2%

The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The stock has a market cap of $136.81 billion, a P/E ratio of 20.18, a PEG ratio of 1.03 and a beta of 0.93. The firm has a 50-day simple moving average of $32.23 and a two-hundred day simple moving average of $31.43.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Hitachi had a net margin of 8.05% and a return on equity of 13.27%. The company had revenue of $17.68 billion during the quarter, compared to analysts’ expectations of $16.85 billion. Equities research analysts expect that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

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.