Hitachi (OTCMKTS:HTHIY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $31.35 and traded as high as $32.96. Hitachi shares last traded at $32.94, with a volume of 496,805 shares trading hands.

Analyst Ratings Changes

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

Hitachi Stock Up 0.2%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81. The company has a market capitalization of $149.40 billion, a P/E ratio of 27.92, a PEG ratio of 1.43 and a beta of 0.90. The company has a 50 day moving average of $31.35 and a 200-day moving average of $31.97.

Hitachi (OTCMKTS:HTHIY) last posted its earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. As a group, equities analysts anticipate that Hitachi Ltd. will post 1.31 EPS for the current 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.