Zacks Investment Research upgraded shares of Hitachi (OTCMKTS:HTHIY) from a sell rating to a hold rating in a research report released on Thursday morning. The firm currently has $71.00 price objective on the conglomerate’s stock.
According to Zacks, “Hitachi Ltd., headquartered in Tokyo, is one of the world’s leading global electronics companies. They manufacture and market a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment. “
HTHIY traded down $2.52 during midday trading on Thursday, reaching $60.34. The company’s stock had a trading volume of 17,322 shares, compared to its average volume of 45,540. The stock has a market cap of $29.86 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 1.35. Hitachi has a 1 year low of $56.40 and a 1 year high of $85.54.
Hitachi, Ltd. provides information and telecommunication systems, social infrastructure and industrial systems, electronic systems and equipment, construction machinery, high functional materials and components, automotive systems, smart life and ecofriendly systems, other products, and financial services in Japan and internationally.
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