Hitachi (OTCMKTS:HTHIY) Share Price Passes Below 200-Day Moving Average – What’s Next?

Hitachi Ltd. (OTCMKTS:HTHIY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.88 and traded as low as $25.82. Hitachi shares last traded at $26.32, with a volume of 182,811 shares trading hands.

Hitachi Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.85 and a current ratio of 1.12. The company has a market capitalization of $120.55 billion, a P/E ratio of 9.88, a P/E/G ratio of 1.21 and a beta of 0.83. The business’s fifty day simple moving average is $28.56 and its 200-day simple moving average is $26.88.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings results on Thursday, July 31st. The conglomerate reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The company had revenue of $15.16 billion for the quarter, compared to the consensus estimate of $2,342.55 billion. Hitachi had a net margin of 6.45% and a return on equity of 10.83%. Hitachi has set its FY 2025 guidance at 2.150-2.150 EPS. As a group, equities analysts anticipate that Hitachi Ltd. will post 0.47 earnings per share for the current fiscal year.

Hitachi Company Profile

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.