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Hitachi (OTCMKTS:HTHIY) Shares Cross Below 200 Day Moving Average - Here's What Happened

Hitachi logo with Multi-Sector Conglomerates background
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Shares of Hitachi, Ltd. (OTCMKTS:HTHIY - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $48.35 and traded as low as $24.20. Hitachi shares last traded at $24.44, with a volume of 496,619 shares trading hands.

Hitachi Price Performance

The firm's fifty day simple moving average is $43.94 and its two-hundred day simple moving average is $48.35. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.13. The firm has a market cap of $111.58 billion, a PE ratio of 7.45, a P/E/G ratio of 3.43 and a beta of 0.76.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last released its earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. As a group, research analysts expect that Hitachi, Ltd. will post 0.47 EPS for the current year.

Hitachi Company Profile

(Get Free Report)

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.

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