Shares of Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) saw an uptick in trading volume on Wednesday. 1,140,538 shares traded hands during mid-day trading, an increase of 100% from the average daily volume of 569,260 shares. The stock last traded at $31.5772 and had previously closed at $31.60.
Analyst Upgrades and Downgrades
Several research analysts recently commented on HTHIY shares. Sanford C. Bernstein assumed coverage on shares of Hitachi in a research note on Tuesday, September 15th. They issued an “outperform” rating on the stock. Zacks Research raised shares of Hitachi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, Hitachi has an average rating of “Strong Buy”.
Read Our Latest Report on Hitachi
Hitachi Price Performance
The company has a market cap of $143.73 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.16 and a beta of 1.03. The business has a 50 day moving average of $34.95 and a 200 day moving average of $32.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.09 and a quick ratio of 0.83.
Hitachi (OTCMKTS:HTHIY – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Hitachi had a net margin of 6.53% and a return on equity of 10.94%. The company had revenue of $18.40 billion for the quarter, compared to analysts’ expectations of $18.51 billion. As a group, research analysts predict that Hitachi Ltd. will post 1.31 EPS for the current 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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