Hitachi (OTCMKTS:HTHIY) Sees Large Volume Increase – Should You Buy?

Hitachi Ltd. (OTCMKTS:HTHIY) shares saw unusually-strong trading volume on Friday . Approximately 833,576 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 634,753 shares.The stock last traded at $29.7599 and had previously closed at $30.28.

Analysts Set New Price Targets

Separately, Nomura raised Hitachi to a “strong-buy” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Hitachi has an average rating of “Moderate Buy”.

Hitachi Stock Performance

The firm has a market capitalization of $135.90 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.26 and a beta of 0.86. The firm has a 50 day moving average price of $33.22 and a 200-day moving average price of $31.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81.

Hitachi (OTCMKTS:HTHIY) last released its earnings results on Thursday, January 29th. The conglomerate reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Hitachi had a return on equity of 13.27% and a net margin of 8.05%.The firm had revenue of $17.68 billion during the quarter, compared to analysts’ expectations of $16.85 billion. As a group, sell-side analysts expect that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.