ITOCHU (OTCMKTS:ITOCY) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $98.14 and traded as low as $90.25. ITOCHU shares last traded at $91.93, with a volume of 45,645 shares.

ITOCHU Trading Up 2.0 %

The company has a market cap of $66.14 billion, a price-to-earnings ratio of 12.00 and a beta of 0.76. The business’s fifty day moving average price is $90.59 and its 200 day moving average price is $98.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97.

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

Institutional Investors Weigh In On ITOCHU

A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC bought a new position in shares of ITOCHU Co. (OTCMKTS:ITOCY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,193 shares of the company’s stock, valued at approximately $413,000. Hedge funds and other institutional investors own 0.08% of the company’s stock.

About ITOCHU

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.