Hitachi (OTCMKTS:HTHIY) Stock Price Down 5.9% – Should You Sell?

Hitachi Ltd. (OTCMKTS:HTHIY)’s share price was down 5.9% on Tuesday . The stock traded as low as $30.70 and last traded at $30.77. Approximately 14,308 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 327,445 shares. The stock had previously closed at $32.70.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Erste Group Bank upgraded shares of Hitachi to a “hold” rating in a report on Friday, October 3rd. Zacks Research raised Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Hitachi currently has a consensus rating of “Hold”.

Hitachi Price Performance

The company has a market capitalization of $140.20 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.12 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $29.80 and its 200-day simple moving average is $28.64.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Thursday, October 30th. The conglomerate reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $16.65 billion during the quarter, compared to analysts’ expectations of $2,463.27 billion. Hitachi had a net margin of 6.45% and a return on equity of 10.83%. As a group, equities analysts forecast that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

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.