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Hitachi Rises On Unusually High Volume (HIT)

By TheStreet Wire 04/26/12 - 02:51 PM EDT

Find out if (HIT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Hitachi (NYSE:HIT) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at 10.4 times its average daily volume and trading up $1.47 (+2.3%) at $64.17 as of 2:24 p.m. ET.

Hitachi has a market cap of $28.55 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 20.3% year to date as of the close of trading on Wednesday.

Hitachi, Ltd. manufactures and sells electronic and electrical products primarily in Asia, North America, and Europe.

TheStreet Ratings rates Hitachi as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full Hitachi Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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