Zacks Research Downgrades Hitachi (OTCMKTS:HTHIY) to Strong Sell

Hitachi (OTCMKTS:HTHIY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Hitachi Stock Down 1.1%

Shares of Hitachi stock opened at $27.35 on Tuesday. The business has a 50-day moving average price of $30.89 and a 200 day moving average price of $31.73. Hitachi has a fifty-two week low of $25.00 and a fifty-two week high of $39.00. The firm has a market cap of $124.05 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.23 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.08.

Hitachi (OTCMKTS:HTHIY) last released its earnings results on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company had revenue of $19.38 billion for the quarter, compared to the consensus estimate of $19.44 billion. Hitachi had a return on equity of 12.68% and a net margin of 7.64%. On average, sell-side analysts forecast that Hitachi will post 1.28 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.