Hitachi Constr (OTCMKTS:HTCMY) Trading Down 17.8% - Here's Why

Key Points

• Hitachi Constr (OTCMKTS:HTCMY) plunged 17.8% to $64.80 on Tuesday, with volume of 1,570 shares—about a 2,709% increase from its average session volume (previous close $78.82).
• The company reported quarterly EPS of $1.13 on $2.11 billion in revenue, and analysts forecast 4.76 EPS for the current fiscal year.
• The stock trades at a P/E of 12.88 with a market cap of $6.89 billion; liquidity and leverage metrics are a quick ratio of 0.72, current ratio 1.68 and debt-to-equity of 0.23, while the 50-day and 200-day SMAs are $72.45 and $64.51 respectively.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) fell 17.8% on Tuesday . The company traded as low as $64.80 and last traded at $64.80. 1,570 shares were traded during trading, an increase of 2,709% from the average session volume of 56 shares. The stock had previously closed at $78.82.

Hitachi Constr Stock Down 17.8%

The company has a quick ratio of 0.72, a current ratio of 1.68 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.89 billion, a P/E ratio of 12.88 and a beta of 0.37. The stock's 50-day simple moving average is $72.45 and its 200 day simple moving average is $64.51.

Hitachi Constr (OTCMKTS:HTCMY - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported $1.13 earnings per share for the quarter. The business had revenue of $2.11 billion for the quarter. As a group, research analysts forecast that Hitachi Constr will post 4.76 EPS for the current fiscal year.

Hitachi Constr Company Profile

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.

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