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Hitachi (OTCMKTS:HTHIY) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Hitachi logo with Multi-Sector Conglomerates background

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $35.62 and traded as low as $27.56. Hitachi shares last traded at $27.96, with a volume of 191,323 shares traded.

Hitachi Stock Down 0.3%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81. The stock's fifty day simple moving average is $26.57 and its 200-day simple moving average is $35.17. The stock has a market cap of $124.54 billion, a P/E ratio of 7.57, a PEG ratio of 1.16 and a beta of 0.81.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The conglomerate reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.23. Hitachi had a return on equity of 10.35% and a net margin of 6.28%. The business had revenue of $19.41 billion for the quarter, compared to the consensus estimate of $2,735.45 billion. On average, research analysts anticipate that Hitachi Ltd. will post 0.47 earnings per share for the current year.

About Hitachi

(Get Free Report)

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.

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