Hitachi (OTCMKTS:HTHIY) Sets New 52-Week High – What’s Next?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) hit a new 52-week high during trading on Monday . The company traded as high as $39.00 and last traded at $37.48, with a volume of 665330 shares trading hands. The stock had previously closed at $35.50.

Analyst Ratings Changes

Separately, Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Hitachi Trading Up 6.7%

The firm has a market capitalization of $173.55 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.51 and a beta of 0.86. The business’s fifty day moving average is $32.64 and its 200 day moving average is $30.56. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Hitachi had a net margin of 8.05% and a return on equity of 13.38%. The firm had revenue of $17.68 billion during the quarter, compared to analyst estimates of $16.85 billion. Equities analysts predict that Hitachi Ltd. will post 0.47 earnings per share for the current 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.