Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Down – Here’s Why

Hitachi Constr (OTCMKTS:HTCMY) gapped down before the market opened on Monday. The stock had previously closed at $72.60, but opened at $67.7782. Hitachi Constr shares last traded at $67.7782, with a volume of 770 shares trading hands.

Hitachi Constr Stock Performance

The company has a quick ratio of 0.76, a current ratio of 1.71 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.29 billion, a PE ratio of 12.35 and a beta of 0.55. The business’s fifty day moving average is $70.73 and its 200-day moving average is $68.66.

Hitachi Constr (OTCMKTS:HTCMY) last announced its earnings results on Thursday, July 30th. The company reported $1.65 EPS for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.54%. The business had revenue of $2.07 billion during the quarter.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. develops, manufactures, sells, and services construction and mining equipment. Its product portfolio includes hydraulic excavators, wheel loaders, dump trucks, and other machinery used in infrastructure development, building construction, quarrying, and resource extraction. The company also provides replacement parts, maintenance, refurbishment, equipment rentals, and related support services.

The company serves customers through a global network spanning Japan, Asia, Oceania, North America, Latin America, Europe, Africa, and the Middle East.