Hitachi (OTCMKTS:HTHIY) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.44 and traded as low as $28.08. Hitachi shares last traded at $29.11, with a volume of 754,487 shares changing hands.

Analysts Set New Price Targets

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

Hitachi Trading Up 3.6%

The stock has a 50-day simple moving average of $32.30 and a two-hundred day simple moving average of $31.44. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.81 and a current ratio of 1.08. The firm has a market cap of $133.33 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $17.68 billion for the quarter, compared to the consensus estimate of $16.85 billion. As a group, sell-side analysts anticipate 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.