Hitachi (OTCMKTS:HTHIY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.24 and traded as low as $29.51. Hitachi shares last traded at $30.41, with a volume of 504,339 shares.

Analyst Ratings Changes

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, the company presently has a consensus rating of “Moderate Buy”.

Hitachi Stock Up 2.1%

The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $139.29 billion, a P/E ratio of 20.55, a PEG ratio of 1.05 and a beta of 0.86. The firm’s 50 day moving average price is $32.90 and its two-hundred day moving average price is $31.24.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Hitachi had a net margin of 8.05% and a return on equity of 13.27%. The business had revenue of $17.68 billion for the quarter, compared to analyst estimates of $16.85 billion. Equities research analysts forecast that Hitachi Ltd. will post 0.47 EPS for the current year.

About Hitachi

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.