Hitachi Constr (OTCMKTS:HTCMY) Shares Gap Up – Time to Buy?

Hitachi Constr (OTCMKTS:HTCMY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $60.79, but opened at $72.52. Hitachi Constr shares last traded at $72.52, with a volume of 177 shares changing hands.

Hitachi Constr Stock Up 19.3%

The company has a quick ratio of 0.82, a current ratio of 1.71 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $7.80 billion, a P/E ratio of 13.21 and a beta of 0.50. The company has a fifty day moving average price of $65.82 and a 200-day moving average price of $70.06.

Hitachi Constr (OTCMKTS:HTCMY) last released its earnings results on Thursday, July 30th. The company reported $1.65 earnings per share for the quarter. The company had revenue of $2.07 billion for the quarter. Hitachi Constr had a net margin of 6.31% and a return on equity of 9.57%.

Hitachi Constr Company Profile

Hitachi Construction Machinery Co, Ltd. is a leading manufacturer of construction and mining equipment, offering a comprehensive range of hydraulic excavators, wheel loaders, rigid dump trucks and specialized machinery. The company serves a broad spectrum of industries, including civil engineering, infrastructure development, quarrying and open-pit mining, and it emphasizes technological innovation in its product designs to enhance productivity and fuel efficiency.

Originally established in 1951 as part of the Hitachi Group, the company produced its first hydraulic excavator in 1963 and has since expanded its portfolio to include advanced automation and telematics solutions.