Zacks Research Upgrades Hitachi (OTCMKTS:HTHIY) to “Hold”

Hitachi (OTCMKTS:HTHIY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Hitachi Trading Down 0.8%

HTHIY opened at $34.65 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $30.35 and its two-hundred day moving average is $31.39. The company has a market capitalization of $157.16 billion, a P/E ratio of 29.87, a PEG ratio of 1.62 and a beta of 0.91. Hitachi has a 52 week low of $25.00 and a 52 week high of $39.00.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $0.27 EPS for the quarter, beating the consensus estimate of $0.21 by $0.06. Hitachi had a return on equity of 12.02% and a net margin of 7.30%.The firm had revenue of $16.53 billion for the quarter, compared to analyst estimates of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. Analysts forecast that Hitachi will post 1.23 earnings per share 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.