Hitachi (OTCMKTS:HTHIY) Shares Gap Down – Here’s Why

Hitachi Ltd. (OTCMKTS:HTHIY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $35.40, but opened at $34.00. Hitachi shares last traded at $34.64, with a volume of 778,809 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HTHIY shares. Sanford C. Bernstein assumed coverage on Hitachi in a research report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Hitachi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Hitachi Stock Down 0.1%

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.09. The stock has a market cap of $156.48 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. The company’s 50-day moving average price is $34.11 and its 200 day moving average price is $31.81.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. Hitachi had a net margin of 7.30% and a return on equity of 12.07%. The business had revenue of $16.53 billion for the quarter, compared to analysts’ expectations of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. As a group, analysts forecast that Hitachi Ltd. will post 1.37 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. is a Japanese technology and infrastructure company that provides digital solutions, industrial systems and social infrastructure products to customers worldwide. Founded in 1910 and headquartered in Tokyo, Hitachi has evolved from an electrical equipment manufacturer into a diversified global provider of technology-enabled services and infrastructure.

The company’s activities include digital systems and services, information technology consulting, cloud and data solutions, and Lumada, its portfolio of digital technologies and services designed to help organizations use data to improve operations.