Hitachi (OTCMKTS:HTHIY) Sees Unusually-High Trading Volume – Here’s What Happened

Hitachi Ltd. (OTCMKTS:HTHIY) saw unusually-strong trading volume on Tuesday . Approximately 962,473 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 451,652 shares.The stock last traded at $32.3330 and had previously closed at $32.80.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Hitachi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Erste Group Bank raised Hitachi to a “hold” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hitachi Stock Performance

The stock has a 50 day simple moving average of $32.10 and a 200 day simple moving average of $30.06. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.13. The company has a market cap of $147.58 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.32 and a beta of 0.86.

Hitachi (OTCMKTS:HTHIY) last posted its earnings results on Thursday, October 30th. The conglomerate reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $16.65 billion during the quarter, compared to analyst estimates of $2,463.27 billion. Hitachi had a return on equity of 13.10% and a net margin of 7.98%. As a group, analysts predict that Hitachi Ltd. will post 0.47 EPS 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.