Zacks Investment Research cut shares of Hitachi (OTCMKTS:HTHIY) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Hitachi Ltd., headquartered in Tokyo, is one of the world’s leading global electronics companies. They manufacture and market a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. “

Shares of OTCMKTS:HTHIY opened at $66.29 on Wednesday. Hitachi has a twelve month low of $51.25 and a twelve month high of $80.64. The company has a market capitalization of $32.08 billion, a PE ratio of 8.96, a price-to-earnings-growth ratio of 0.60 and a beta of 1.12.

Hitachi Company Profile

Hitachi, Ltd. provides information and telecommunication systems, social infrastructure and industrial systems, electronic systems and equipment, construction machinery, high functional materials and components, automotive systems, smart life and ecofriendly systems, other products, and financial services in Japan and internationally.

Featured Story: What is a Roth IRA?

Get a free copy of the Zacks research report on Hitachi (HTHIY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hitachi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hitachi and related companies with MarketBeat.com's FREE daily email newsletter.