Hitachi (OTCMKTS:HTHIY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Hitachi (OTCMKTS:HTHIY) from a strong sell rating to a hold rating in a report 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. “

Separately, UBS Group downgraded shares of Hitachi from a buy rating to a neutral rating in a report on Wednesday, April 22nd.

Shares of Hitachi stock opened at $59.58 on Wednesday. Hitachi has a 12-month low of $45.97 and a 12-month high of $86.87. The company has a market cap of $28.80 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 0.67 and a beta of 1.13. The company has a current ratio of 1.40, a quick ratio of 1.02 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $64.20 and its 200-day moving average price is $65.05.

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: Net Asset Value

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.