Hitachi Constr (OTCMKTS:HTCMY) Stock Falls 2% – Should You Sell?

Hitachi Constr (OTCMKTS:HTCMY) shares dropped 2% on Thursday. The stock traded as low as $71.11 and last traded at $71.14. Approximately 706 shares traded hands during trading, an increase of 2,043% from the average session volume of 33 shares. The stock had previously closed at $72.60.

Hitachi Constr Price Performance

The firm has a market cap of $7.65 billion, a PE ratio of 12.96 and a beta of 0.55. The company has a current ratio of 1.71, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $70.20 and a 200 day moving average price of $68.51.

Hitachi Constr (OTCMKTS:HTCMY) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.65 earnings per share for the quarter. The firm had revenue of $2.07 billion during the quarter. Hitachi Constr had a return on equity of 9.54% and a net margin of 6.31%.

About Hitachi Constr

Hitachi Construction Machinery Co, Ltd. is a Japan-based manufacturer of construction and mining equipment. The company develops, produces, sells and services machinery used in infrastructure development, building construction, quarrying, mining, forestry and other heavy-duty applications.

Its product portfolio includes hydraulic excavators, wheel loaders, dump trucks and other specialized equipment for construction and resource extraction. The company also provides replacement parts, equipment maintenance, remanufacturing, fleet-support programs and digital solutions intended to help customers improve productivity, safety and operating efficiency.

Hitachi Construction Machinery serves customers through sales, service and distribution operations in Japan and international markets across Asia, Oceania, Europe, Africa, North America and Latin America.