Hitachi Constr (OTCMKTS:HTCMY) Stock Falls 2% – Here’s What Happened

Hitachi Constr (OTCMKTS:HTCMY)’s share price fell 2% during mid-day trading on Thursday. The stock traded as low as $71.11 and last traded at $71.14. Approximately 706 shares changed hands during trading, an increase of 2,043% from the average daily volume of 33 shares. The stock had previously closed at $72.60.

Hitachi Constr Trading Down 2.0%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.71 and a quick ratio of 0.76. The stock’s 50-day moving average is $70.09 and its two-hundred day moving average is $68.49. The stock has a market cap of $7.65 billion, a P/E ratio of 12.96 and a beta of 0.55.

Hitachi Constr (OTCMKTS:HTCMY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.65 earnings per share (EPS) for the quarter. The company had revenue of $2.07 billion for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.54%.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd. is a Japan-based manufacturer of construction and mining equipment. The company develops, produces, sells and services machinery used in infrastructure development, building construction, quarrying, mining, forestry and other heavy-duty applications.

Its product portfolio includes hydraulic excavators, wheel loaders, dump trucks and other specialized equipment for construction and resource extraction. The company also provides replacement parts, equipment maintenance, remanufacturing, fleet-support programs and digital solutions intended to help customers improve productivity, safety and operating efficiency.

Hitachi Construction Machinery serves customers through sales, service and distribution operations in Japan and international markets across Asia, Oceania, Europe, Africa, North America and Latin America.