Hitachi (OTCMKTS:HTHIY) Sees Strong Trading Volume – Here’s What Happened

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) saw unusually-strong trading volume on Wednesday . Approximately 543,646 shares changed hands during mid-day trading, an increase of 69% from the previous session’s volume of 320,876 shares.The stock last traded at $33.86 and had previously closed at $33.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Erste Group Bank upgraded Hitachi to a “hold” rating in a research note on Friday, October 3rd. Zacks Research upgraded shares of Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Hitachi Stock Performance

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 stock has a market cap of $155.32 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The firm has a fifty day moving average price of $29.25 and a 200 day moving average price of $28.45.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Thursday, October 30th. The conglomerate reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.21. Hitachi had a return on equity of 10.83% and a net margin of 6.45%.The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $2,463.27 billion. Research analysts forecast that Hitachi Ltd. 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.