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Hitachi (OTCMKTS:HTHIY) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Hitachi logo with Multi-Sector Conglomerates background

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.56 and traded as low as $27.94. Hitachi shares last traded at $27.98, with a volume of 299,789 shares changing hands.

Hitachi Price Performance

The firm has a fifty day moving average of $27.66 and a two-hundred day moving average of $32.56. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $129.90 billion, a PE ratio of 7.90, a PEG ratio of 1.18 and a beta of 0.81.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The conglomerate reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.23. Hitachi had a return on equity of 10.29% and a net margin of 6.28%. The firm had revenue of $19.41 billion during the quarter, compared to analyst estimates of $2,735.45 billion. Research analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current fiscal year.

About Hitachi

(Get Free Report)

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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