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

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $99.13 and traded as low as $86.75. ITOCHU shares last traded at $87.30, with a volume of 47,323 shares changing hands.

ITOCHU Price 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 cap of $61.30 billion, a PE ratio of 11.12 and a beta of 0.74. The firm’s fifty day simple moving average is $94.69 and its two-hundred day simple moving average is $98.95.

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

Hedge Funds Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC raised its position in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,655 shares of the company’s stock after purchasing 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 and hedge funds 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.