Hitachi (OTCMKTS:HTHIY) Sets New 1-Year High - Time to Buy?

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.18 and last traded at $29.80, with a volume of 18271 shares traded. The stock had previously closed at $29.47.

Hitachi Price Performance

The stock has a market cap of $142.91 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.12 and a quick ratio of 0.85. The company's 50 day simple moving average is $28.09 and its 200 day simple moving average is $31.71.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The conglomerate reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.23. Hitachi had a net margin of 6.28% and a return on equity of 10.29%. The business had revenue of $19.41 billion during the quarter, compared to analysts' expectations of $2,735.45 billion. As a group, equities analysts forecast that Hitachi Ltd. will post 0.47 earnings per share 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.