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Hitachi (OTCMKTS:HTHIY) Stock Passes Below 200 Day Moving Average - Here's Why

Hitachi logo with Multi-Sector Conglomerates background

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report)'s stock price crossed 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.

Hitachi Stock Up 1.5%

The company's 50 day moving average price is $27.05 and its 200 day moving average price is $35.62. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $128.07 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 1.19 and a beta of 0.81.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last posted its earnings results on Monday, April 28th. The conglomerate reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.23. Hitachi had a net margin of 6.28% and a return on equity of 10.35%. The company had revenue of $19.41 billion during the quarter, compared to the consensus estimate of $2,735.45 billion. As a group, research analysts forecast that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

(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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