Hitachi (OTCMKTS:HTHIY) Stock Passes Below 200-Day Moving Average - What's Next?

Key Points

• Hitachi shares dipped below their 200‑day moving average, trading as low as $30.60 versus a 200‑day MA of $31.54 and last quoted at $31.46 on the day.
• Analyst sentiment is mildly positive: Nomura upgraded Hitachi to a "strong‑buy" and the consensus from three tracked analysts is a "Moderate Buy" (one Strong Buy, two Holds).
• Recent results beat estimates—quarterly EPS $0.24 vs $0.23 expected and revenue $17.68B vs $16.85B—while the stock trades with a market cap of $144.1B and a P/E of 21.26.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.54 and traded as low as $30.60. Hitachi shares last traded at $31.46, with a volume of 671,255 shares.

Analyst Ratings Changes

Separately, Nomura upgraded Hitachi to a "strong-buy" rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Hitachi Stock Up 5.1%

The company has a fifty day moving average of $31.92 and a two-hundred day moving average of $31.54. The company has a market cap of $144.10 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 0.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Hitachi had a return on equity of 13.27% and a net margin of 8.05%.The company had revenue of $17.68 billion for the quarter, compared to analyst estimates of $16.85 billion. As a group, analysts anticipate that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

About Hitachi

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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