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

Key Points

• Hitachi Ltd. shares gapped up significantly, opening at $31.94 after a previous close of $29.86, and last traded at $30.90.
• The company reported earnings per share (EPS) of $0.53 for the last quarter, significantly exceeding analysts' expectations of $0.30.
• Hitachi has a market capitalization of $141.32 billion and a debt-to-equity ratio of 0.13, indicating sound financial stability.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $29.86, but opened at $31.94. Hitachi shares last traded at $30.90, with a volume of 28,511 shares traded.

Hitachi Price Performance

The company has a fifty day moving average price of $28.52 and a two-hundred day moving average price of $30.80. The firm has a market cap of $129.84 billion, a P/E ratio of 10.64, a PEG ratio of 1.21 and a beta of 0.85. The company has a current ratio of 1.12, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last issued its earnings results on Thursday, July 31st. The conglomerate reported $0.29 EPS 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 company had revenue of $15.16 billion during the quarter, compared to the consensus estimate of $2,342.55 billion. Equities analysts anticipate that Hitachi Ltd. will post 0.47 earnings per share 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.