Hitachi (OTCMKTS:HTHIY) Shares Cross Above 50-Day Moving Average - What's Next?

Key Points

• Hitachi Ltd. stock recently surpassed its 50-day moving average of $28.52, trading at $28.83, which may signal potential price momentum.
• The company reported a net margin of 6.45% and matched earnings expectations with an EPS of $0.29 in its latest quarterly earnings.
• Hitachi has a market capitalization of $132.05 billion and maintains a low debt-to-equity ratio of 0.13, indicating solid financial health.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $28.52 and traded as high as $28.84. Hitachi shares last traded at $28.83, with a volume of 385,402 shares changing hands.

Hitachi Stock Performance

The stock has a market capitalization of $131.46 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.30 and a beta of 0.85. The company's 50-day moving average is $28.61 and its two-hundred day moving average is $30.39. 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 released its earnings results on Thursday, July 31st. The conglomerate reported $0.29 EPS for the quarter, hitting analysts' consensus estimates of $0.29. Hitachi had a net margin of 6.45% and a return on equity of 10.83%. The business had revenue of $15.16 billion for the quarter, compared to the consensus estimate of $2,342.55 billion. As a group, sell-side analysts anticipate that Hitachi Ltd. will post 0.47 EPS for the current fiscal 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.