Shares of Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $36.83, but opened at $35.00. Hitachi shares last traded at $35.35, with a volume of 64,399 shares traded.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Sanford C. Bernstein initiated coverage on shares of Hitachi in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. Zacks Research upgraded shares of 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.
Get Our Latest Stock Report on HTHIY
Hitachi Stock Down 3.7%
The business’s fifty day moving average is $34.96 and its two-hundred day moving average is $32.51. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.08. The stock has a market cap of $160.94 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.30 and a beta of 0.97.
Hitachi (OTCMKTS:HTHIY – Get Free Report) last released its earnings results on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06. Hitachi had a return on equity of 12.07% and a net margin of 7.30%. The firm had revenue of $16.53 billion during the quarter, compared to analyst estimates of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. Equities analysts forecast that Hitachi Ltd. will post 1.37 earnings per share for the current fiscal year.
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.
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