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Hitachi (OTCMKTS:HTHIY) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Hitachi logo with Multi-Sector Conglomerates background

Shares of 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 trading hands.

Hitachi Price Performance

The company's 50 day moving average price is $27.78 and its 200-day moving average price is $32.24. The stock has a market cap of $133.70 billion, a P/E ratio of 8.13, a P/E/G ratio of 1.22 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last posted 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. The company had revenue of $19.41 billion during the quarter, compared to analysts' expectations of $2,735.45 billion. Hitachi had a net margin of 6.28% and a return on equity of 10.29%. As a group, sell-side analysts expect that Hitachi Ltd. will post 0.47 earnings per share for the current year.

Hitachi Company Profile

(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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