Hitachi (OTCMKTS:HTHIY) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• Hitachi Ltd. shares have crossed above their fifty-day moving average of $27.80, trading as high as $31.55 and currently at $29.59.
• Analysts have a consensus rating of "Hold" for Hitachi, with Erste Group Bank recently upgrading its rating.
• For its latest quarter, Hitachi reported earnings of $0.29 per share, meeting analysts' expectations, and generated a revenue of $15.16 billion.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.80 and traded as high as $31.55. Hitachi shares last traded at $29.59, with a volume of 233,484 shares trading hands.

Wall Street Analyst Weigh In

Separately, Erste Group Bank upgraded shares of 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 MarketBeat.com, the stock presently has a consensus rating of "Hold".

Hitachi Stock Performance

The stock's 50 day moving average price is $27.80 and its 200 day moving average price is $27.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.12. The company has a market capitalization of $135.53 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.37 and a beta of 0.83.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2,342.55 billion. Hitachi had a net margin of 6.45% and a return on equity of 10.83%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. As a group, equities analysts expect that Hitachi Ltd. will post 0.47 EPS 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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