Hitachi (OTCMKTS:HTHIY) Shares Gap Up - Should You Buy?

Key Points

• Gapped up: Hitachi opened at $31.27 versus the prior close of $29.27 and was last at $31.615 (volume 47,146), a move of about +8.4%.
• Nomura upgraded Hitachi to a "strong-buy" on Feb. 13; overall analyst coverage shows one Strong Buy and two Holds, giving a consensus of "Moderate Buy."
• Earnings beat: Hitachi reported Q results of $0.24 EPS vs. $0.23 expected and $17.68B revenue vs. $16.85B expected; the company has a market cap of ~$145.3B and a P/E of 21.44.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $29.27, but opened at $31.27. Hitachi shares last traded at $31.6150, with a volume of 47,146 shares traded.

Analysts Set New Price Targets

Separately, Nomura upgraded Hitachi to a "strong-buy" rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Hitachi Stock Up 8.4%

The stock has a market cap of $145.31 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.03 and a beta of 0.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08. The firm's 50-day simple moving average is $32.81 and its two-hundred day simple moving average is $31.32.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $17.68 billion for the quarter, compared to analyst estimates of $16.85 billion. Hitachi had a net margin of 8.05% and a return on equity of 13.27%. On average, sell-side analysts expect 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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