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

Hitachi Ltd. (OTCMKTS:HTHIYGet Free Report) 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:HTHIYGet Free Report) 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

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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.

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