Hitachi Stock Hits New 52-Week High (HIT)

NEW YORK ( TheStreet) -- Hitachi (NYSE: HIT) hit a new 52-week high Wednesday as it traded at $61.30 compared with its previous 52-Week high of $61.20. Hitachi is changing hands at $61.30 with 13,672 shares traded as of 10:24 a.m. ET. Average volume has been 41,700 shares over the past 30 days. Hitachi has a market cap of $27 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 13.5% year to date as of the close of trading on Tuesday.

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

TheStreet Ratings rates Hitachi as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, robust revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Hitachi Ratings Report.

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