Hitachi (OTCMKTS:HTHIY) Stock Gets Downgrade from Zacks Research

Hitachi (OTCMKTS:HTHIY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Sanford C. Bernstein began coverage on shares of Hitachi in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Hitachi currently has an average rating of “Buy”.

Hitachi Price Performance

HTHIY stock opened at $30.31 on Monday. The business has a fifty day moving average of $34.56 and a two-hundred day moving average of $32.43. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.08. The stock has a market cap of $137.47 billion, a price-to-earnings ratio of 28.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. Hitachi has a 52-week low of $27.22 and a 52-week high of $39.00.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The business had revenue of $18.40 billion for the quarter, compared to analysts’ expectations of $18.51 billion. Hitachi had a return on equity of 10.94% and a net margin of 6.53%. As a group, research analysts anticipate that Hitachi will post 1.31 earnings per share for the current year.

About Hitachi

Hitachi Ltd. is a Japanese technology and industrial company that develops products, systems and services for businesses, governments and consumers. Its activities span digital services and information technology, energy systems, transportation, industrial equipment and building systems. The company supplies software, IT and systems-integration services, power-grid and energy technologies, rail vehicles and signaling systems, and industrial machinery and automation solutions. Its portfolio also includes products and services for buildings, such as elevators and escalators.