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

Hitachi Ltd. (OTCMKTS:HTHIY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $35.40, but opened at $34.00. Hitachi shares last traded at $34.64, with a volume of 778,809 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have commented on HTHIY. Zacks Research upgraded shares of Hitachi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein assumed coverage on Hitachi in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Hitachi currently has an average rating of “Buy”.

Hitachi Trading Down 0.1%

The company has a 50-day moving average of $34.11 and a 200 day moving average of $31.81. 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 cap of $156.48 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Wednesday, July 29th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Hitachi had a return on equity of 12.07% and a net margin of 7.30%.The firm 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. Analysts predict that Hitachi Ltd. will post 1.37 earnings per share for the current year.

Hitachi Company Profile

Hitachi, Ltd. is a Japanese technology and infrastructure company that provides digital solutions, industrial systems and social infrastructure products to customers worldwide. Founded in 1910 and headquartered in Tokyo, Hitachi has evolved from an electrical equipment manufacturer into a diversified global provider of technology-enabled services and infrastructure.

The company’s activities include digital systems and services, information technology consulting, cloud and data solutions, and Lumada, its portfolio of digital technologies and services designed to help organizations use data to improve operations.