Hitachi (OTCMKTS:HTHIY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Hitachi (OTCMKTS:HTHIY) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Hitachi Stock Down 0.8%

Shares of HTHIY opened at $34.65 on Tuesday. The firm has a fifty day moving average price of $30.35 and a 200-day moving average price of $31.39. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $157.16 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.62 and a beta of 0.91. Hitachi has a 12-month low of $25.00 and a 12-month high of $39.00.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. Hitachi had a net margin of 7.30% and a return on equity of 12.02%. The company had revenue of $16.53 billion during the quarter, compared to analysts’ expectations of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. Equities research analysts expect that Hitachi will post 1.23 earnings per share for the current year.

Hitachi Company Profile

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.