Hitachi (OTCMKTS:HTHIY) Stock Passes Below 200 Day Moving Average – Here’s Why

Hitachi, Ltd. (OTCMKTS:HTHIY) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $49.34 and traded as low as $46.22. Hitachi shares last traded at $47.38, with a volume of 97,580 shares.

Hitachi Price Performance

The company has a market cap of $109.84 billion, a PE ratio of 9.03, a P/E/G ratio of 1.59 and a beta of 0.81. The company’s fifty day moving average price is $50.26 and its 200 day moving average price is $49.34.

Hitachi (OTCMKTS:HTHIY) last announced its earnings results on Wednesday, October 30th. The conglomerate reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $1.30. The firm had revenue of $15.69 billion for the quarter, compared to the consensus estimate of $16.51 billion. Hitachi had a return on equity of 11.60% and a net margin of 7.22%. On average, analysts forecast that Hitachi, Ltd. will post 1.79 EPS for the current 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.