Hitachi Ltd. (OTCMKTS:HTHIY – Get Free Report) shares gapped up prior to trading on Wednesday following a better than expected earnings announcement. Hitachi shares last traded at $31.49, with a volume of 20,113 shares changing hands. Get Hitachi alerts:Analysts Set New Price TargetsSeparately, Zacks Research downgraded Hitachi from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Hitachi Price PerformanceThe company has a quick ratio of 0.85, a current ratio of 1.10 and a debt-to-equity ratio of 0.08. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.