Hitachi (OTCMKTS:HTHIY) Rating Lowered to Strong Sell at Zacks Research

Hitachi (OTCMKTS:HTHIY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Hitachi Stock Down 1.1%

HTHIY stock opened at $27.35 on Tuesday. The company has a market cap of $124.05 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 1.23 and a beta of 0.90. Hitachi has a twelve month low of $25.00 and a twelve month high of $39.00. The business has a 50 day moving average price of $30.89 and a two-hundred day moving average price of $31.73. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.08.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. Analysts anticipate that Hitachi will post 1.28 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.