Hitachi (OTCMKTS:HTHIY) Shares Gap Up – Should You Buy?

Hitachi Ltd. (OTCMKTS:HTHIY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $31.52, but opened at $33.77. Hitachi shares last traded at $31.80, with a volume of 81,158 shares.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research raised Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. 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, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hitachi Price Performance

The firm has a 50 day moving average of $30.32 and a 200-day moving average of $28.86. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market cap of $145.82 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.51 and a beta of 0.85.

Hitachi (OTCMKTS:HTHIY) last issued 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. Hitachi had a return on equity of 10.83% and a net margin of 6.45%.The firm had revenue of $16.65 billion during the quarter, compared to analyst estimates of $2,463.27 billion. On average, equities research analysts predict that Hitachi Ltd. will post 0.47 EPS for the current 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.