Hitachi (OTCMKTS:HTHIY) Shares Cross Above 50 Day Moving Average – Here’s Why

Hitachi, Ltd. (OTCMKTS:HTHIY) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $24.85 and traded as high as $26.65. Hitachi shares last traded at $26.37, with a volume of 420,381 shares changing hands.

Hitachi Stock Down 1.8%

The firm has a market cap of $120.78 billion, a PE ratio of 8.06, a P/E/G ratio of 3.43 and a beta of 0.81. The firm’s 50 day moving average is $24.85 and its 200-day moving average is $39.77. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings results on Monday, April 28th. The conglomerate reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.23. Hitachi had a return on equity of 9.65% and a net margin of 6.03%. The company had revenue of $19.41 billion for the quarter, compared to analyst estimates of $2,735.45 billion. As a group, equities research analysts expect that Hitachi, Ltd. will post 0.47 earnings per share 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.