ITOCHU (OTCMKTS:ITOCY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $98.49 and traded as low as $89.44. ITOCHU shares last traded at $89.44, with a volume of 47,266 shares trading hands.

ITOCHU Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.31. The business has a 50 day simple moving average of $91.89 and a 200-day simple moving average of $98.49. The firm has a market capitalization of $64.35 billion, a price-to-earnings ratio of 11.68 and a beta of 0.74.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC raised its stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,655 shares of the company’s stock after acquiring an additional 192 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $163,000 as of its most recent SEC filing. 0.08% of the stock is owned by institutional investors and hedge funds.

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.