Hitachi (OTCMKTS:HTHIY) Issues Quarterly Earnings Results

Hitachi (OTCMKTS:HTHIY) posted its quarterly earnings data on Wednesday. The conglomerate reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01), Zacks reports.

Hitachi Stock Performance

OTCMKTS HTHIY traded down $1.74 on Wednesday, hitting $34.28. 2,909 shares of the stock were exchanged, compared to its average volume of 560,248. The business’s fifty day moving average is $34.99 and its 200 day moving average is $32.53. Hitachi has a 52 week low of $27.22 and a 52 week high of $39.00.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Sanford C. Bernstein initiated coverage on Hitachi in a research report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Zacks Research raised Hitachi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Hitachi Company Profile

Hitachi, Ltd. is a Japanese technology and engineering company that develops digital, infrastructure and industrial solutions for customers worldwide. Founded in 1910 and headquartered in Tokyo, the company has evolved from an electrical equipment manufacturer into a diversified provider of systems and services supporting social infrastructure and business operations.

Hitachi’s principal activities include digital systems and services, energy systems, railway systems, industrial equipment and healthcare technology.