ITOCHU (OTCMKTS:ITOCY) Share Price Passes Above Fifty Day Moving Average of $63.28

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $63.28 and traded as high as $65.37. ITOCHU shares last traded at $64.56, with a volume of 27,803 shares traded.

Separately, Zacks Investment Research cut shares of ITOCHU from a “buy” rating to a “hold” rating in a research report on Wednesday.

The business’s 50 day moving average price is $63.38 and its two-hundred day moving average price is $56.78. The stock has a market cap of $48.64 billion, a P/E ratio of 11.25 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58.

ITOCHU (OTCMKTS:ITOCY) last announced its earnings results on Thursday, February 4th. The company reported $1.52 earnings per share for the quarter. The firm had revenue of $26.86 billion for the quarter. ITOCHU had a net margin of 4.47% and a return on equity of 11.84%.

An institutional investor recently raised its position in ITOCHU stock. Teachers Retirement System of The State of Kentucky grew its position in ITOCHU Co. (OTCMKTS:ITOCY) by 192.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 175,200 shares of the company’s stock after buying an additional 115,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ITOCHU were worth $9,009,000 as of its most recent SEC filing. 0.18% of the stock is owned by institutional investors and hedge funds.

ITOCHU Company Profile (OTCMKTS:ITOCY)

ITOCHU Corp. engages in business of product trading and business investment activities. It operates through the following segments: Textile; Machinery; Metals and Minerals; Energy and Chemicals; Food; ICT and Realty; and Others. The Textile segment covers fiber, raw materials, textile fabrics, clothing apparel, and brand marketing business.

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