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

Key Points

• Hitachi Ltd. shares opened significantly lower on Wednesday, gapping down from a previous close of $27.51 to a new opening price of $26.37.
• The company reported a quarterly earnings per share (EPS) of $0.29, matching analyst expectations, and had a revenue of $15.16 billion for the quarter.
• Hitachi has a market capitalization of $123.94 billion and set its FY 2025 EPS guidance at 2.150.

Shares of Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $27.51, but opened at $26.37. Hitachi shares last traded at $27.11, with a volume of 13,627 shares traded.

Hitachi Trading Down 2.6%

The company has a 50 day moving average of $28.39 and a two-hundred day moving average of $26.93. 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 stock has a market capitalization of $120.69 billion, a PE ratio of 9.89, a P/E/G ratio of 1.25 and a beta of 0.83.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Hitachi had a return on equity of 10.83% and a net margin of 6.45%.The firm had revenue of $15.16 billion for the quarter, compared to the consensus estimate of $2,342.55 billion. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. Sell-side analysts predict that Hitachi Ltd. will post 0.47 EPS for the current year.

About Hitachi

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.