Hitachi (OTCMKTS:HTHIY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Hitachi Ltd. (OTCMKTS:HTHIY) saw strong trading volume on Friday. Approximately 1,512,804 shares changed hands during trading, an increase of 169% from the previous session’s volume of 563,381 shares. The stock last traded at $36.58 and had previously closed at $35.74.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HTHIY shares. Zacks Research raised Hitachi from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein started coverage on Hitachi in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Hitachi Price Performance

The stock has a market cap of $165.95 billion, a price-to-earnings ratio of 31.54, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The stock’s 50 day moving average price is $34.86 and its two-hundred day moving average price is $32.25. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.08.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Hitachi had a net margin of 7.30% and a return on equity of 12.07%. The firm had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $15.50 billion. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. Equities research analysts forecast that Hitachi Ltd. will post 1.37 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi, Ltd. is a Japanese technology and infrastructure company that provides digital solutions, industrial systems and social infrastructure products to customers worldwide. Founded in 1910 and headquartered in Tokyo, Hitachi has evolved from an electrical equipment manufacturer into a diversified global provider of technology-enabled services and infrastructure.

The company’s activities include digital systems and services, information technology consulting, cloud and data solutions, and Lumada, its portfolio of digital technologies and services designed to help organizations use data to improve operations.