Hitachi Constr (OTCMKTS:HTCMY) Stock Price Up 9.8% – Here’s Why

Shares of Hitachi Constr (OTCMKTS:HTCMY) shot up 9.8% during mid-day trading on Friday . The company traded as high as $72.30 and last traded at $72.30. Approximately 100 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 415 shares. The stock had previously closed at $65.82.

Hitachi Constr Stock Performance

The company’s 50-day simple moving average is $66.09 and its 200 day simple moving average is $70.01. The company has a current ratio of 1.71, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. The stock has a market cap of $7.78 billion, a P/E ratio of 13.17 and a beta of 0.50.

Hitachi Constr (OTCMKTS:HTCMY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.65 EPS for the quarter. Hitachi Constr had a return on equity of 9.57% and a net margin of 6.31%.The company had revenue of $2.07 billion during the quarter.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.