Hitachi (OTCMKTS:HTHIY) Shares Pass Below 200 Day Moving Average – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.11 and traded as low as $30.24. Hitachi shares last traded at $30.24, with a volume of 432,696 shares trading hands.

Analysts Set New Price Targets

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

Hitachi Stock Performance

The company has a market capitalization of $137.16 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 0.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08. The company’s fifty day simple moving average is $30.92 and its two-hundred day simple moving average is $32.11.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $19.38 billion during the quarter, compared to analyst estimates of $19.44 billion. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. Equities research analysts predict that Hitachi Ltd. will post 1.33 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.