ITOCHU (OTCMKTS:ITOCY) Shares Pass Below 200 Day Moving Average – Here’s Why

ITOCHU Co. (OTCMKTS:ITOCY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $98.49 and traded as low as $89.44. ITOCHU shares last traded at $89.44, with a volume of 47,266 shares traded.

ITOCHU Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $64.35 billion, a PE ratio of 11.68 and a beta of 0.74. The firm has a 50-day moving average price of $91.89 and a 200 day moving average price of $98.49.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings data on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a net margin of 5.93% and a return on equity of 13.97%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC lifted its stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,655 shares of the company’s stock after buying an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 at the end of the most recent reporting period. Institutional investors own 0.08% of the company’s stock.

ITOCHU Company Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company’s Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials, as well as trades in industrial textile and lifestyle products. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and sale; water, environment and waste-related; ship trading; renewable and alternative energy; and waste recycling businesses.