ITOCHU (OTCMKTS:ITOCY) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

ITOCHU Co. (OTCMKTS:ITOCY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

ITOCHU Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The firm’s 50-day simple moving average is $98.72 and its two-hundred day simple moving average is $100.40. The company has a market capitalization of $66.29 billion, a price-to-earnings ratio of 12.45 and a beta of 0.75.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ITOCHU stock. Rhumbline Advisers boosted its stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 5.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,001 shares of the company’s stock after buying an additional 535 shares during the quarter. Rhumbline Advisers’ holdings in ITOCHU were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other 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.