Hitachi Constr (HTCMY) Downgraded by Zacks Investment Research
Hitachi Constr (OTCMKTS:HTCMY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Hitachi Construction Machinery Co., Ltd. engages in the manufacture, sale, service and rental of construction and industrial machinery. It operates through the Construction and Mining product segments. The companys product include mini, medium and large excavators; wheel loaders; demolition equipment; metal recycling equipment; forest machines; rigid dump trucks, compaction equipment; cranes & foundation machines and double front work machine. It also offers global e-service and mine management systems. Hitachi Construction Machinery Co., Ltd. is headquartered in Tokyo, Japan. “
Hitachi Constr (OTCMKTS HTCMY) traded up $1.89 during trading hours on Monday, hitting $70.43. 616 shares of the company were exchanged, compared to its average volume of 184. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.56 and a quick ratio of 0.87. The stock has a market cap of $7,372.03 and a PE ratio of 100.79. Hitachi Constr has a 1 year low of $42.40 and a 1 year high of $70.35.
Hitachi Constr Company Profile
Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, engages in the manufacture, sale, and service of construction machinery, transportation machinery, and other machines and devices worldwide. It offers mini and medium excavators, large excavators/loading shovels, wheel loaders, demolition equipment, metal recycling equipment, forest machines, rigid dump trucks, compaction equipment, cranes and foundation machines, double-front work machines, mine management systems, and mini loaders, as well as various used equipment and attachments.
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