Hitachi (OTCMKTS:HTHIY) Shares Gap Down – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $32.19, but opened at $31.11. Hitachi shares last traded at $31.9950, with a volume of 68,519 shares.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HTHIY shares. Erste Group Bank upgraded shares of Hitachi to a “hold” rating in a report on Friday, October 3rd. Zacks Research raised shares of Hitachi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Hitachi presently has a consensus rating of “Hold”.

Hitachi Stock Down 0.3%

The company has a market capitalization of $146.98 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 1.32 and a beta of 0.85. The company has a 50-day moving average of $31.77 and a two-hundred day moving average of $29.46. 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 posted its quarterly earnings results on Thursday, October 30th. The conglomerate reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. Hitachi had a return on equity of 13.10% and a net margin of 7.98%.The company had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $2,463.27 billion. On average, research analysts predict that Hitachi Ltd. will post 0.47 EPS for the current year.

Hitachi Company Profile

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.