Hitachi Constr (OTCMKTS:HTCMY) Trading Down 17.8% – Here’s What Happened

Hitachi Constr (OTCMKTS:HTCMY)’s stock price was down 17.8% during mid-day trading on Tuesday . The stock traded as low as $64.80 and last traded at $64.80. Approximately 1,570 shares traded hands during mid-day trading, an increase of 2,709% from the average daily volume of 56 shares. The stock had previously closed at $78.82.

Hitachi Constr Stock Down 17.8%

The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 12.88 and a beta of 0.37. The stock has a 50 day simple moving average of $72.45 and a 200 day simple moving average of $64.51. The company has a quick ratio of 0.72, a current ratio of 1.68 and a debt-to-equity ratio of 0.23.

Hitachi Constr (OTCMKTS:HTCMY) last issued its earnings results on Thursday, January 29th. The company reported $1.13 earnings per share for the quarter. The firm had revenue of $2.11 billion for the quarter. As a group, analysts expect that Hitachi Constr will post 4.76 earnings per share for the current fiscal year.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.