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

Hitachi, Ltd. (OTCMKTS:HTHIY) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.63 and traded as low as $24.80. Hitachi shares last traded at $25.38, with a volume of 186,593 shares traded.

Hitachi Stock Down 0.6 %

The firm has a 50-day simple moving average of $37.67 and a 200 day simple moving average of $46.32. The stock has a market capitalization of $113.00 billion, a P/E ratio of 7.54, a P/E/G ratio of 3.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. On average, equities research analysts forecast that Hitachi, Ltd. will post 0.47 EPS for the current year.

About Hitachi

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.