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

Hitachi Ltd. (OTCMKTS:HTHIY) gapped down before the market opened on Monday . The stock had previously closed at $31.90, but opened at $30.30. Hitachi shares last traded at $31.23, with a volume of 45,563 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Nomura raised Hitachi to a “strong-buy” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Hitachi Trading Down 0.2%

The firm has a market cap of $142.28 billion, a PE ratio of 26.58, a P/E/G ratio of 0.92 and a beta of 0.91. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average is $30.98 and its 200 day moving average is $32.12.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Hitachi had a return on equity of 12.68% and a net margin of 7.64%.The firm had revenue of $19.38 billion during the quarter, compared to analyst estimates of $19.44 billion. As a group, sell-side analysts predict that Hitachi Ltd. will post 1.33 EPS 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.