Hitachi (OTCMKTS:HTHIY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $28.52 and traded as high as $28.84. Hitachi shares last traded at $28.83, with a volume of 385,402 shares traded.

Hitachi Price Performance

The company has a market capitalization of $132.05 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.21 and a beta of 0.85. The company’s 50-day moving average price is $28.57 and its two-hundred day moving average price is $30.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.12 and a quick ratio of 0.85.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings data on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $15.16 billion during the quarter, compared to analysts’ expectations of $2,342.55 billion. Hitachi had a return on equity of 10.83% and a net margin of 6.45%. As a group, sell-side analysts expect that Hitachi Ltd. will post 0.47 EPS for the current 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.