Hitachi (OTCMKTS:HTHIY) Stock Passes Below 200 Day Moving Average – Time to Sell?

Hitachi, Ltd. (OTCMKTS:HTHIY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $46.63 and traded as low as $24.80. Hitachi shares last traded at $25.38, with a volume of 186,593 shares.

Hitachi Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.81. The stock has a fifty day simple moving average of $37.67 and a two-hundred day simple moving average of $46.32. The firm has a market capitalization of $113.00 billion, a P/E ratio of 7.54, a P/E/G ratio of 3.43 and a beta of 0.76.

Hitachi (OTCMKTS:HTHIY) last released its earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. On average, research analysts predict that Hitachi, Ltd. will post 0.47 EPS for the current year.

About Hitachi

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.