Hitachi (OTCMKTS:HTHIY) Sees Strong Trading Volume – Time to Buy?

Hitachi Ltd. (OTCMKTS:HTHIY) shares saw an uptick in trading volume on Tuesday . 639,942 shares changed hands during trading, an increase of 94% from the previous session’s volume of 330,399 shares.The stock last traded at $31.59 and had previously closed at $31.30.

Wall Street Analyst Weigh In

HTHIY has been the subject of a number of analyst reports. Erste Group Bank raised Hitachi to a “hold” rating in a research note on Friday, October 3rd. Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Hitachi presently has an average rating of “Hold”.

Hitachi Stock Up 0.5%

The firm has a 50 day moving average of $30.54 and a two-hundred day moving average of $28.96. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $144.10 billion, a PE ratio of 11.80, a P/E/G ratio of 1.51 and a beta of 0.85.

Hitachi (OTCMKTS:HTHIY) last posted its earnings results on Thursday, October 30th. The conglomerate reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. The company had revenue of $16.65 billion for the quarter, compared to analyst estimates of $2,463.27 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Equities research analysts anticipate that Hitachi Ltd. will post 0.47 earnings per share 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.