Hitachi (OTCMKTS:HTHIY) Shares Gap Down – Time to Sell?

Hitachi Ltd. (OTCMKTS:HTHIY) shares gapped down prior to trading on Thursday . The stock had previously closed at $28.82, but opened at $27.69. Hitachi shares last traded at $28.50, with a volume of 43,722 shares.

Hitachi Trading Down 1.0%

The firm has a fifty day moving average of $27.44 and a two-hundred day moving average of $33.74. The company has a market cap of $130.72 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.81. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Monday, April 28th. The conglomerate reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.23. Hitachi had a return on equity of 10.35% and a net margin of 6.28%. The company had revenue of $19.41 billion during the quarter, compared to analyst estimates of $2,735.45 billion. As a group, sell-side analysts predict that Hitachi Ltd. will post 0.47 EPS for the current year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.