Hitachi (OTCMKTS:HTHIY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Hitachi, Ltd. (OTCMKTS:HTHIY) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.34 and traded as low as $46.22. Hitachi shares last traded at $47.38, with a volume of 97,580 shares trading hands.

Hitachi Trading Down 0.3 %

The company has a market capitalization of $109.84 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.59 and a beta of 0.81. The company’s fifty day moving average is $50.26 and its 200 day moving average is $49.34.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Wednesday, October 30th. The conglomerate reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $1.30. The firm had revenue of $15.69 billion during the quarter, compared to analyst estimates of $16.51 billion. Hitachi had a return on equity of 11.60% and a net margin of 7.22%. Equities research analysts predict that Hitachi, Ltd. will post 1.79 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.