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

Hitachi logo with Multi-Sector Conglomerates background

Shares of Hitachi, Ltd. (OTCMKTS:HTHIY - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Hitachi Price Performance

The stock has a market capitalization of $120.88 billion, a PE ratio of 15.38, a PEG ratio of 1.35 and a beta of 0.82. The firm's fifty day moving average price is $50.31 and its two-hundred day moving average price is $54.70. The company has a quick ratio of 0.90, a current ratio of 1.22 and a debt-to-equity ratio of 0.16.

Hitachi (OTCMKTS:HTHIY - Get Free Report) last announced its earnings results on Wednesday, July 31st. The conglomerate reported $2.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $2.15. The business had revenue of $14.19 billion during the quarter. Hitachi had a net margin of 7.21% and a return on equity of 11.90%. On average, equities analysts predict that Hitachi, Ltd. will post 2.1 earnings per share for the current year.

Hitachi Company Profile

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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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