Hitachi (OTCMKTS:HTHIY) Shares Pass Below 200-Day Moving Average – Here’s Why

Hitachi, Ltd. (OTCMKTS:HTHIYGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.35 and traded as low as $24.20. Hitachi shares last traded at $24.44, with a volume of 496,619 shares trading hands.

Hitachi Stock Up 3.3 %

The stock has a 50 day simple moving average of $42.95 and a 200-day simple moving average of $48.02. The firm has a market cap of $115.29 billion, a PE ratio of 7.70, a PEG ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81.

Hitachi (OTCMKTS:HTHIYGet Free Report) last announced its quarterly earnings data on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $1.52. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. Sell-side analysts predict that Hitachi, Ltd. will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

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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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