Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up - Time to Buy?

Key Points

• Hitachi Constr shares gapped up from a previous closing price of $60.48 to an opening price of $63.75, reflecting a trading increase of 5.4%.
• The company reported a quarterly earnings per share (EPS) of $0.73 with revenues of $2.12 billion, and analysts expect a projected EPS of 4.76 for the current fiscal year.
• Hitachi Construction Machinery has a market cap of $6.78 billion, with a P/E ratio of 11.70 and a healthy debt-to-equity ratio of 0.25.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $60.48, but opened at $63.75. Hitachi Constr shares last traded at $63.75, with a volume of 264 shares changing hands.

Hitachi Constr Trading Up 5.4%

The firm's fifty day simple moving average is $62.48 and its 200-day simple moving average is $59.75. The stock has a market cap of $6.78 billion, a P/E ratio of 11.70 and a beta of 0.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.77 and a current ratio of 1.63.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.73 EPS for the quarter. The business had revenue of $2.12 billion during the quarter. Equities research analysts expect that Hitachi Constr will post 4.76 EPS for the current fiscal year.

Hitachi Constr Company Profile

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.

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