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

Hitachi, Ltd. (OTCMKTS:HTHIY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.12 and traded as low as $52.23. Hitachi shares last traded at $52.50, with a volume of 439,803 shares traded.

Hitachi Trading Down 1.7 %

The firm has a market capitalization of $121.71 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82. 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 company has a fifty day moving average of $49.37 and a 200-day moving average of $54.12.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $2.15. The company had revenue of $14.19 billion during the quarter. Hitachi had a return on equity of 11.90% and a net margin of 7.21%. On average, sell-side analysts anticipate that Hitachi, Ltd. will post 2.1 earnings per share for the current fiscal 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.