Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up – Here’s What Happened

Hitachi Constr (OTCMKTS:HTCMYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $60.79, but opened at $72.52. Hitachi Constr shares last traded at $72.52, with a volume of 177 shares.

Hitachi Constr Stock Performance

The stock has a market capitalization of $7.80 billion, a PE ratio of 13.21 and a beta of 0.50. The firm’s fifty day moving average is $66.09 and its 200-day moving average is $70.01. The company has a current ratio of 1.71, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19.

Hitachi Constr (OTCMKTS:HTCMYGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.65 earnings per share for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.57%. The firm had revenue of $2.07 billion during the quarter.

About Hitachi Constr

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Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.

Further Reading

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