Hitachi (OTCMKTS:HTHIY) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Hitachi Ltd.'s share price has surpassed its 200-day moving average, reaching a high of $31.55 during trading. The stock is currently priced at $29.59 with a trading volume of 233,484 shares.
• Erste Group Bank has recently upgraded Hitachi to a "hold" rating, while the consensus rating for the stock remains at "Hold" among analysts.
• The company reported earnings of $0.29 per share for the last quarter, meeting analysts' expectations, and has set a guidance of 2.150 EPS for FY 2025.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.15 and traded as high as $31.55. Hitachi shares last traded at $29.59, with a volume of 233,484 shares traded.

Analyst Upgrades and Downgrades

Separately, Erste Group Bank raised Hitachi to a "hold" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

Hitachi Trading Up 0.1%

The firm has a market capitalization of $135.53 billion, a PE ratio of 11.10, a P/E/G ratio of 1.37 and a beta of 0.83. The business has a 50 day moving average price of $27.80 and a 200-day moving average price of $27.15. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.29. The business 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. Analysts expect that Hitachi Ltd. will post 0.47 earnings per share for the current year.

Hitachi Company Profile

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.

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