Hitachi (OTCMKTS:HTHIY) Shares Gap Up – Time to Buy?

Hitachi Ltd. (OTCMKTS:HTHIY) gapped up before the market opened on Friday . The stock had previously closed at $27.44, but opened at $28.95. Hitachi shares last traded at $29.45, with a volume of 27,857 shares changing hands.

Hitachi Stock Performance

The company has a market capitalization of $134.78 billion, a P/E ratio of 11.04, a PEG ratio of 1.36 and a beta of 0.83. The stock has a fifty day simple moving average of $27.83 and a 200-day simple moving average of $27.07. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $15.16 billion during the quarter, compared to analysts’ expectations of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. Equities analysts forecast that Hitachi Ltd. will post 0.47 EPS 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.