Hitachi (OTCMKTS:HTHIY) Stock Crosses Below 200-Day Moving Average – Here’s Why

Hitachi, Ltd. (OTCMKTS:HTHIY) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $54.70 and traded as low as $49.48. Hitachi shares last traded at $50.79, with a volume of 110,108 shares trading hands.

Hitachi Stock Up 0.6 %

The business has a 50 day moving average of $50.41 and a 200 day moving average of $54.68. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.22 and a quick ratio of 0.90. The firm has a market capitalization of $121.59 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.35 and a beta of 0.82.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $2.15. Hitachi had a return on equity of 11.90% and a net margin of 7.21%. The firm had revenue of $14.19 billion during the quarter. On average, equities analysts anticipate that Hitachi, Ltd. will post 2.1 EPS for the current year.

Hitachi Company Profile

Hitachi, Ltd. provides digital system and services, green energy and mobility, and connective industry solutions in Japan and internationally. It operates through seven segments: Digital Systems & Services, Green Energy & Mobility, Connective Industries, Automotive System, Hitachi Construction Machinery, Hitachi Metals, and Others.