Hitachi (OTCMKTS:HTHIY) Stock Rating Upgraded by Zacks Research

Hitachi (OTCMKTS:HTHIY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Erste Group Bank raised Hitachi to a “hold” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hitachi presently has an average rating of “Hold”.

Hitachi Stock Performance

Shares of OTCMKTS HTHIY opened at $29.21 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.12. The firm has a market cap of $133.79 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 1.37 and a beta of 0.83. The business’s 50-day simple moving average is $27.90 and its 200-day simple moving average is $27.56. Hitachi has a 52 week low of $18.30 and a 52 week high of $32.00.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Thursday, July 31st. The conglomerate reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $15.16 billion for the quarter, compared to analyst estimates of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. As a group, equities research analysts expect that Hitachi will post 0.47 earnings per share for the current fiscal year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.