Hitachi (OTCMKTS:HTHIY) Shares Gap Up on Strong Earnings

Hitachi Ltd. (OTCMKTS:HTHIY) shares gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $29.8450, but opened at $31.90. Hitachi shares last traded at $31.49, with a volume of 20,113 shares traded.

The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Hitachi had a return on equity of 12.50% and a net margin of 7.64%.Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Hitachi from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Hitachi Trading Up 5.8%

The company has a market cap of $143.21 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.10 and a quick ratio of 0.85. The firm’s fifty day moving average price is $30.13 and its 200-day moving average price is $31.39.

Hitachi Company Profile

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.