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Hitachi (OTCMKTS:HTHIY) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Hitachi logo with Multi-Sector Conglomerates background

Key Points

  • Hitachi Ltd.'s stock price has fallen below its fifty day moving average of $28.30, trading as low as $26.01 before closing at $26.16.
  • The company's latest quarterly earnings reported earnings per share (EPS) of $0.29, aligning with analyst expectations, and revenue significantly surpassing estimates at $15.16 billion.
  • Hitachi's market capitalization stands at $119.82 billion, with a P/E ratio of 9.82 and upcoming EPS guidance set for FY 2025 at $2.150.
  • Interested in Hitachi? Here are five stocks we like better.

Hitachi Ltd. (OTCMKTS:HTHIY - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.30 and traded as low as $26.01. Hitachi shares last traded at $26.16, with a volume of 293,475 shares changing hands.

Hitachi Stock Down 0.3%

The company has a market capitalization of $119.82 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 1.21 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.12. The firm's fifty day moving average is $28.30 and its 200-day moving average is $26.95.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 6.45% and a return on equity of 10.83%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. As a group, equities research analysts predict that Hitachi Ltd. will post 0.47 EPS 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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