Hitachi (OTCMKTS:HTHIY) Announces Quarterly Earnings Results

Hitachi (OTCMKTS:HTHIY) announced its earnings results on Wednesday. The conglomerate reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01), Zacks reports.

Hitachi Trading Down 4.8%

OTCMKTS:HTHIY traded down $1.74 during trading hours on Wednesday, reaching $34.28. 2,909 shares of the stock were exchanged, compared to its average volume of 560,248. Hitachi has a twelve month low of $27.22 and a twelve month high of $39.00. The firm has a 50 day moving average of $34.99 and a 200 day moving average of $32.53.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Hitachi in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. Zacks Research raised shares of Hitachi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy”.

Hitachi Company Profile

Hitachi, Ltd. is a Japanese technology and engineering company that develops digital, infrastructure and industrial solutions for customers worldwide. Founded in 1910 and headquartered in Tokyo, the company has evolved from an electrical equipment manufacturer into a diversified provider of systems and services supporting social infrastructure and business operations.

Hitachi’s principal activities include digital systems and services, energy systems, railway systems, industrial equipment and healthcare technology.