Hitachi (OTCMKTS:HTHIY) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Hitachi (OTCMKTS:HTHIYGet Rating) in a research report report published on Thursday morning, The Fly reports. The firm issued a conviction-buy rating on the conglomerate’s stock.

Hitachi Stock Performance

Shares of HTHIY opened at $102.45 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.25. The firm has a market cap of $49.60 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.45 and a beta of 0.82. The company’s 50 day simple moving average is $103.43 and its 200-day simple moving average is $99.14. Hitachi has a 12-month low of $83.49 and a 12-month high of $109.95.

Hitachi (OTCMKTS:HTHIYGet Rating) last announced its earnings results on Wednesday, February 1st. The conglomerate reported $2.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.36). The business had revenue of $23.61 billion for the quarter. Hitachi had a return on equity of 7.38% and a net margin of 3.77%. As a group, equities analysts predict that Hitachi will post 9.37 EPS for the current year.

About Hitachi

(Get Rating)

Hitachi Ltd. engages in the manufacture and sale of electrical equipment. It operates through the following segments: Information Technology (IT), Energy, Industry, Mobility, Life, Hitachi High Technologies, Hitachi Construction Machinery, Hitachi Metals, Hitachi Chemicals and Others. The IT segment handles systems integration, consulting, control systems, cloud services, software, IT products such as storage and servers, and automated teller machines.

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