Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Down - What's Next?

Key Points

• Hitachi Construction Machinery Co. shares gapped down from a previous close of $65.99 to $60.48 at opening, with just 400 shares traded.
• The company reported earnings of $0.73 per share and revenue of $2.12 billion for the last quarter, while analysts forecast a full-year EPS of 4.76.
• Hitachi Constr has a market capitalization of $6.43 billion and a debt-to-equity ratio of 0.25, indicating healthy financial leverage in its operations.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $65.99, but opened at $60.48. Hitachi Constr shares last traded at $60.48, with a volume of 400 shares trading hands.

Hitachi Constr Stock Performance

The business has a fifty day simple moving average of $62.22 and a 200-day simple moving average of $59.03. The company has a quick ratio of 0.77, a current ratio of 1.63 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.43 billion, a P/E ratio of 11.10 and a beta of 0.34.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $2.12 billion during the quarter. On average, sell-side analysts predict that Hitachi Constr will post 4.76 EPS for the current fiscal year.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd., together with its subsidiaries, manufactures and sells construction machineries worldwide. The company operates through two segments, Construction Machinery Business and Solution Business. It offers excavators and wheel loaders, hydraulic excavators, compaction equipment, and rigid dump trucks.