Hitachi Reaches New 52-Week High (HIT)

NEW YORK ( TheStreet) -- Hitachi (NYSE: HIT) hit a new 52-week high Tuesday as it is currently trading at $63.44, above its previous 52-week high of $63.17 with 8,582 shares traded as of 9:35 a.m. ET. Average volume has been 60,800 shares over the past 30 days.

Hitachi has a market cap of $25.19 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 21% year to date as of the close of trading on Monday.

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.

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