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

Hitachi logo with Multi-Sector Conglomerates background

Shares of Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $28.82, but opened at $27.69. Hitachi shares last traded at $28.50, with a volume of 43,722 shares traded.

Hitachi Trading Down 1.0%

The company has a market cap of $130.72 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 1.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81. The company has a 50-day moving average of $27.44 and a 200 day moving average of $33.51.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The conglomerate reported $0.53 EPS for the quarter, topping the consensus estimate of $0.30 by $0.23. Hitachi had a return on equity of 10.35% and a net margin of 6.28%. The company had revenue of $19.41 billion during the quarter, compared to analyst estimates of $2,735.45 billion. Analysts predict that Hitachi Ltd. will post 0.47 earnings per share for the current 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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