Hitachi (OTCMKTS:HTHIY) Reaches New 12-Month High – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) hit a new 52-week high during trading on Monday . The company traded as high as $39.00 and last traded at $37.48, with a volume of 665330 shares changing hands. The stock had previously closed at $35.50.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hitachi currently has a consensus rating of “Hold”.

Hitachi Price Performance

The stock has a market cap of $170.62 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.62 and a beta of 0.86. The stock has a fifty day simple moving average of $32.89 and a 200-day simple moving average of $30.66. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Hitachi had a return on equity of 13.38% and a net margin of 8.05%.The company had revenue of $17.68 billion during the quarter, compared to analysts’ expectations of $16.85 billion. As a group, equities research analysts expect 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.