Hitachi (OTCMKTS:HTHIY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) saw unusually-high trading volume on Thursday . Approximately 951,992 shares were traded during mid-day trading, an increase of 53% from the previous session’s volume of 621,623 shares.The stock last traded at $32.63 and had previously closed at $32.43.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hitachi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Hitachi Stock Up 2.4%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.16. The company has a market cap of $152.04 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.46 and a beta of 0.86. The stock has a 50 day moving average price of $32.54 and a 200 day moving average price of $30.50.

Hitachi (OTCMKTS:HTHIY) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Hitachi had a net margin of 8.05% and a return on equity of 13.38%. The company had revenue of $17.68 billion during the quarter, compared to the consensus estimate of $16.85 billion. Research analysts expect that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.