Hitachi (OTCMKTS:HTHIY) Sees Large Volume Increase – Still a Buy?

Hitachi Ltd. (OTCMKTS:HTHIY) saw an uptick in trading volume on Friday . 474,723 shares traded hands during trading, a decline of 22% from the previous session’s volume of 610,315 shares.The stock last traded at $28.8080 and had previously closed at $29.38.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Hitachi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hitachi currently has an average rating of “Hold”.

Hitachi Price Performance

The firm has a fifty day moving average price of $30.34 and a two-hundred day moving average price of $31.54. The stock has a market capitalization of $133.30 billion, a P/E ratio of 24.91, a PEG ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08.

Hitachi (OTCMKTS:HTHIY) last posted its earnings results on Monday, April 27th. The conglomerate reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. As a group, analysts expect that Hitachi Ltd. will post 1.27 EPS for the current fiscal year.

About Hitachi

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.