Hitachi (OTCMKTS:HTHIY) Sees Large Volume Increase - Should You Buy?

Key Points

• Hitachi Ltd. experienced a significant increase in trading volume, with 466,517 shares traded, marking a 50% rise from the previous session.
• The company's earnings report revealed earnings per share (EPS) of $0.29, aligning with analyst expectations, and a quarterly revenue of $15.16 billion.
• Hitachi's market capitalization stands at $129.17 billion, with a PE ratio of 10.58 and a projected EPS of 0.47 for the current year.

Shares of Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) saw strong trading volume on Thursday . 466,517 shares changed hands during mid-day trading, an increase of 50% from the previous session's volume of 310,962 shares.The stock last traded at $28.18 and had previously closed at $27.96.

Hitachi Stock Down 1.5%

The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $126.01 billion, a PE ratio of 10.32, a P/E/G ratio of 1.28 and a beta of 0.83. The stock has a 50-day moving average of $28.45 and a 200 day moving average of $26.91.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.29 EPS for the quarter, meeting analysts' consensus estimates of $0.29. The company had revenue of $15.16 billion during the quarter, compared to the consensus estimate of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. Sell-side analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current year.

About Hitachi

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.