Hitachi (OTCMKTS:HTHIY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Hitachi (OTCMKTS:HTHIY) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

Hitachi Stock Performance

HTHIY stock opened at $27.35 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 0.81. Hitachi has a 1 year low of $25.00 and a 1 year high of $39.00. The company has a market cap of $124.05 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 1.23 and a beta of 0.90. The stock’s fifty day moving average price is $30.89 and its 200-day moving average price is $31.73.

Hitachi (OTCMKTS:HTHIY) last posted its quarterly earnings data on Monday, April 27th. The conglomerate reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Hitachi had a return on equity of 12.68% and a net margin of 7.64%.The company had revenue of $19.38 billion during the quarter, compared to analysts’ expectations of $19.44 billion. On average, equities analysts forecast that Hitachi will post 1.28 earnings per share for the current year.

About Hitachi

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.