ITOCHU (OTCMKTS:ITOCY) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of ITOCHU Co. (OTCMKTS:ITOCY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $100.40 and traded as low as $91.49. ITOCHU shares last traded at $92.13, with a volume of 79,851 shares traded.

ITOCHU Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.31. The stock has a market cap of $65.13 billion, a P/E ratio of 12.23 and a beta of 0.75. The firm has a 50-day moving average price of $98.30 and a 200-day moving average price of $100.29.

ITOCHU (OTCMKTS:ITOCY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $2.26 earnings per share for the quarter. The company had revenue of $28.74 billion for the quarter. ITOCHU had a return on equity of 13.99% and a net margin of 5.70%. On average, analysts forecast that ITOCHU Co. will post 9.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC grew its stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,655 shares of the company’s stock after acquiring an additional 192 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 as of its most recent SEC filing. 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.