Hitachi (OTCMKTS:HTHIY) Shares Gap Up – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $31.84, but opened at $33.41. Hitachi shares last traded at $32.97, with a volume of 11,551 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Nomura upgraded Hitachi to a “strong-buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Hitachi Trading Up 3.6%

The firm has a market capitalization of $151.04 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 0.89 and a beta of 0.93. The business’s 50-day moving average is $31.63 and its 200 day moving average is $31.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Hitachi had a net margin of 8.05% and a return on equity of 13.27%. The business had revenue of $17.68 billion for the quarter, compared to analyst estimates of $16.85 billion. As a group, analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current fiscal 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.