Hitachi Constr (OTCMKTS:HTCMY) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Hitachi Constr (OTCMKTS:HTCMY)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $71.78 and traded as low as $60.79. Hitachi Constr shares last traded at $60.79, with a volume of 122 shares.

Hitachi Constr Stock Performance

The company has a market capitalization of $6.54 billion, a P/E ratio of 13.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.68 and a quick ratio of 0.72. The company has a fifty day moving average price of $71.78 and a two-hundred day moving average price of $66.41.

Hitachi Constr (OTCMKTS:HTCMY) last released its quarterly earnings results on Friday, April 24th. The company reported $1.02 earnings per share for the quarter. The company had revenue of $2.72 billion for the quarter. Hitachi Constr had a return on equity of 8.18% and a net margin of 5.22%.

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.