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

ITOCHU Co. (OTCMKTS:ITOCY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $99.69 and traded as low as $91.40. ITOCHU shares last traded at $92.01, with a volume of 30,701 shares trading hands.

ITOCHU Stock Down 0.7 %

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The firm has a market cap of $66.20 billion, a P/E ratio of 12.43 and a beta of 0.74. The company’s 50 day simple moving average is $96.80 and its 200-day simple moving average is $99.69.

ITOCHU (OTCMKTS:ITOCY) last posted its earnings results on Wednesday, November 6th. The company reported $2.26 earnings per share (EPS) for the quarter. The business had revenue of $28.74 billion for the quarter. ITOCHU had a net margin of 5.70% and a return on equity of 13.99%.

Hedge Funds Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC raised its stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,463 shares of the company’s stock after acquiring an additional 332 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 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.