Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up – Should You Buy?

Hitachi Constr (OTCMKTS:HTCMY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $67.28, but opened at $74.37. Hitachi Constr shares last traded at $74.37, with a volume of 301 shares traded.

Hitachi Constr Stock Performance

The company has a 50 day moving average of $73.58 and a 200 day moving average of $65.96. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 16.08 and a beta of 0.50. The company has a current ratio of 1.68, a quick ratio of 0.72 and a debt-to-equity ratio of 0.23.

Hitachi Constr (OTCMKTS:HTCMY) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.02 earnings per share (EPS) for the quarter. Hitachi Constr had a return on equity of 8.18% and a net margin of 5.22%.The company had revenue of $2.72 billion during the quarter.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.