Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Down – Here’s Why

Hitachi Constr (OTCMKTS:HTCMY) shares gapped down prior to trading on Monday. The stock had previously closed at $72.60, but opened at $67.7782. Hitachi Constr shares last traded at $67.7782, with a volume of 770 shares trading hands.

Hitachi Constr Stock Down 4.7%

The company has a market capitalization of $7.29 billion, a P/E ratio of 12.35 and a beta of 0.55. The company has a 50-day moving average of $70.73 and a two-hundred day moving average of $68.66. The company has a quick ratio of 0.76, a current ratio of 1.71 and a debt-to-equity ratio of 0.18.

Hitachi Constr (OTCMKTS:HTCMY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.65 earnings per share for the quarter. The company 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%.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd. develops, manufactures, sells, and services construction and mining equipment. Its product portfolio includes hydraulic excavators, wheel loaders, dump trucks, and other machinery used in infrastructure development, building construction, quarrying, and resource extraction. The company also provides replacement parts, maintenance, refurbishment, equipment rentals, and related support services.

The company serves customers through a global network spanning Japan, Asia, Oceania, North America, Latin America, Europe, Africa, and the Middle East.