Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up – Still a Buy?

Hitachi Constr (OTCMKTS:HTCMY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $64.80, but opened at $75.49. Hitachi Constr shares last traded at $75.49, with a volume of 132 shares trading hands.

Hitachi Constr Price Performance

The company has a current ratio of 1.68, a quick ratio of 0.72 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average is $74.37 and its 200-day moving average is $64.61. The company has a market cap of $8.03 billion, a price-to-earnings ratio of 15.01 and a beta of 0.48.

Hitachi Constr (OTCMKTS:HTCMY) last released its earnings results on Thursday, January 29th. The company reported $1.13 earnings per share (EPS) for the quarter. The company had revenue of $2.11 billion for the quarter. On average, analysts anticipate that Hitachi Constr will post 4.76 earnings per share for the current fiscal year.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.