Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.08 and traded as high as $31.30. Hitachi shares last traded at $31.11, with a volume of 357,117 shares trading hands.
Analyst Ratings Changes
Separately, Nomura raised shares of Hitachi to a “strong-buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on Hitachi
Hitachi Stock Down 1.4%
Hitachi (OTCMKTS:HTHIY – Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $19.38 billion for the quarter, compared to analysts’ expectations of $19.44 billion. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. As a group, research analysts expect that Hitachi Ltd. will post 1.31 EPS for the current year.
About Hitachi
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.
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