Hitachi Constr (HTCMY) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research cut shares of Hitachi Constr (OTCMKTS:HTCMY) from a strong-buy rating to a hold rating in a research note published on Monday morning.
According to Zacks, “Hitachi Construction Machinery Co., Ltd. engages in the manufacture, sale, service and rental of construction and industrial machinery. It operates through the Construction and Mining product segments. The companys product include mini, medium and large excavators; wheel loaders; demolition equipment; metal recycling equipment; forest machines; rigid dump trucks, compaction equipment; cranes & foundation machines and double front work machine. It also offers global e-service and mine management systems. Hitachi Construction Machinery Co., Ltd. is headquartered in Tokyo, Japan. “
Hitachi Constr (OTCMKTS:HTCMY) opened at $70.43 on Monday. The stock has a market capitalization of $7,372.03 and a PE ratio of 100.79. Hitachi Constr has a twelve month low of $42.40 and a twelve month high of $70.35. The company has a current ratio of 1.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.36.
Hitachi Constr Company Profile
Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, engages in the manufacture, sale, and service of construction machinery, transportation machinery, and other machines and devices worldwide. It offers mini and medium excavators, large excavators/loading shovels, wheel loaders, demolition equipment, metal recycling equipment, forest machines, rigid dump trucks, compaction equipment, cranes and foundation machines, double-front work machines, mine management systems, and mini loaders, as well as various used equipment and attachments.
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