Hitachi (OTCMKTS:HTHIY) Shares Gap Down – Time to Sell?

Hitachi Ltd. (OTCMKTS:HTHIY) gapped down before the market opened on Thursday . The stock had previously closed at $35.67, but opened at $34.05. Hitachi shares last traded at $34.78, with a volume of 44,505 shares.

Analysts Set New Price Targets

HTHIY has been the subject of several recent research reports. Zacks Research upgraded Hitachi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein began coverage on Hitachi in a report on Tuesday, September 15th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Hitachi presently has an average rating of “Buy”.

Hitachi Trading Down 2.4%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.09 and a quick ratio of 0.83. The company has a market capitalization of $157.88 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 1.42 and a beta of 0.92. The business’s 50-day moving average price is $33.55 and its two-hundred day moving average price is $31.66.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings data on Wednesday, July 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $16.53 billion for the quarter, compared to analyst estimates of $15.50 billion. Hitachi had a return on equity of 12.07% and a net margin of 7.30%.Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. Research analysts predict that Hitachi Ltd. will post 1.37 earnings per share for the current year.

About Hitachi

Hitachi, Ltd. is a Japanese technology and industrial company that provides products, systems and services for businesses, governments and infrastructure operators worldwide. Its operations combine information technology, digital solutions and engineering capabilities to help customers improve efficiency, resilience and sustainability.

The company’s principal activities include digital systems and services, enterprise software, data and information technology solutions, railway systems, power and energy infrastructure, industrial equipment, building systems, healthcare technology and advanced manufacturing products.