Hitachi (OTCMKTS:HTHIY) Shares Gap Down - Here's Why

Key Points

• Hitachi gapped down — the stock opened at $29.77 after a prior close of $31.46 and was last quoted at $30.36 on a volume of 69,239 shares.
• Analyst sentiment is mixed but positive overall: Nomura upgraded Hitachi to a "Strong Buy" (Feb. 13), and the consensus from MarketBeat is a "Moderate Buy" (one Strong Buy, two Hold ratings).
• Recent fundamentals showed an earnings beat (Q: $0.24 EPS vs. $0.23 est., revenue $17.68B vs. $16.85B); the stock trades with a market cap of $140.98B, PE of 20.8 and a PEG of 0.87, near its 50- and 200-day SMAs (~$31.9 and $31.5).

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $31.46, but opened at $29.77. Hitachi shares last traded at $30.36, with a volume of 69,239 shares.

Wall Street Analysts Forecast Growth

Separately, Nomura upgraded Hitachi to a "strong-buy" rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Hitachi Stock Performance

The stock has a market cap of $140.98 billion, a PE ratio of 20.80, a PEG ratio of 0.87 and a beta of 0.93. The stock has a fifty day simple moving average of $31.92 and a two-hundred day simple moving average of $31.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its earnings results on Thursday, January 29th. The conglomerate reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $17.68 billion during the quarter, compared to analysts' expectations of $16.85 billion. Hitachi had a return on equity of 13.27% and a net margin of 8.05%. Equities analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. OTCMKTS: HTHIY is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a "social innovation" company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company's activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.

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