Shares of Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) saw strong trading volume on Wednesday. 1,140,538 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 569,260 shares. The stock last traded at $31.5772 and had previously closed at $31.60.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Hitachi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein began coverage on shares of Hitachi in a report on Tuesday, September 15th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, Hitachi presently has a consensus rating of “Strong Buy”.
Get Our Latest Report on Hitachi
Hitachi Price Performance
The firm has a market capitalization of $143.73 billion, a P/E ratio of 29.90, a PEG ratio of 1.16 and a beta of 1.03. The business’s 50-day simple moving average is $34.95 and its 200 day simple moving average is $32.51. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.08.
Hitachi (OTCMKTS:HTHIY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The business had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.51 billion. Hitachi had a return on equity of 10.94% and a net margin of 6.53%. Sell-side analysts forecast that Hitachi Ltd. will post 1.31 earnings per share for the current year.
About Hitachi
Hitachi, Ltd. is a Japanese technology and engineering company that develops digital, infrastructure and industrial solutions for customers worldwide. Founded in 1910 and headquartered in Tokyo, the company has evolved from an electrical equipment manufacturer into a diversified provider of systems and services supporting social infrastructure and business operations.
Hitachi’s principal activities include digital systems and services, energy systems, railway systems, industrial equipment and healthcare technology.
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