Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.35 and traded as high as $32.96. Hitachi shares last traded at $32.94, with a volume of 496,805 shares.
Wall Street Analyst Weigh In
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 given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Hitachi
Hitachi Price Performance
Hitachi (OTCMKTS:HTHIY – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. Hitachi had a net margin of 7.64% and a return on equity of 12.68%. The firm had revenue of $19.38 billion for the quarter, compared to analyst estimates of $19.44 billion. As a group, sell-side analysts anticipate that Hitachi Ltd. will post 1.31 earnings per share for the current fiscal year.
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.
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