Hitachi (OTCMKTS:HTHIY) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

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) 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 Trading Up 1.4%

The company has a market cap of $133.29 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $28.64 and a 200-day simple moving average of $30.25.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.29. The company had revenue of $15.16 billion for the quarter, compared to analyst estimates of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. On average, analysts predict 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.