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

Shares of ITOCHU Co. (OTCMKTS:ITOCY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $96.49 and traded as low as $82.90. ITOCHU shares last traded at $83.00, with a volume of 115,261 shares trading hands.

ITOCHU Trading Down 2.9 %

The business’s 50-day moving average price is $90.06 and its 200-day moving average price is $96.49. The firm has a market capitalization of $59.72 billion, a PE ratio of 10.84 and a beta of 0.73. 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 announced its earnings results on Thursday, February 6th. The company reported $2.19 earnings per share for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

Institutional Trading of ITOCHU

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of ITOCHU by 13.1% in the fourth quarter. GAMMA Investing LLC now owns 1,655 shares of the company’s stock valued at $163,000 after buying an additional 192 shares in the last quarter. SVB Wealth LLC acquired a new stake in ITOCHU in the fourth quarter valued at $413,000. Finally, Confluence Investment Management LLC grew its stake in shares of ITOCHU by 2.5% during the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock worth $792,000 after purchasing an additional 204 shares during the period. 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.