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Hitachi (OTCMKTS:HTHIY) Stock Crosses Below 200-Day Moving Average - Here's Why

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 Wednesday . The stock has a 200-day moving average of $36.52 and traded as low as $28.23. Hitachi shares last traded at $28.59, with a volume of 168,870 shares trading hands.

Hitachi Stock Down 2.3%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.08. The stock has a market cap of $127.79 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 3.43 and a beta of 0.81. The firm's 50-day simple moving average is $26.49 and its two-hundred day simple moving average is $36.15.

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, beating the consensus estimate of $0.30 by $0.23. The firm had revenue of $19.41 billion during the quarter, compared to analysts' expectations of $2,735.45 billion. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. On average, sell-side analysts expect that Hitachi, Ltd. will post 0.47 EPS for the current fiscal 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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