Hitachi (OTCMKTS:HTHIY) Hits New 52-Week High – Here’s Why

Hitachi, Ltd. (OTCMKTS:HTHIY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.99 and last traded at $28.99, with a volume of 194345 shares traded. The stock had previously closed at $28.70.

Hitachi Price Performance

The business has a fifty day simple moving average of $49.37 and a 200-day simple moving average of $49.90. The stock has a market capitalization of $124.86 billion, a P/E ratio of 8.81, a PEG ratio of 3.43 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 1.08.

Hitachi (OTCMKTS:HTHIY) last issued its earnings results on Friday, January 31st. The conglomerate reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $1.52. Hitachi had a net margin of 6.03% and a return on equity of 9.65%. Sell-side analysts expect that Hitachi, Ltd. will post 0.47 earnings per share for the current fiscal 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.