ITOCHU (OTCMKTS:ITOCY) Stock Passes Above Fifty Day Moving Average of $88.05

Shares of ITOCHU Co. (OTCMKTS:ITOCY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $88.05 and traded as high as $89.31. ITOCHU shares last traded at $88.34, with a volume of 63,681 shares trading hands.

ITOCHU Price Performance

The business’s 50 day moving average is $88.05 and its two-hundred day moving average is $82.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 1.22. The firm has a market capitalization of $64.09 billion, a PE ratio of 12.37 and a beta of 0.73.

ITOCHU (OTCMKTS:ITOCY) last issued its quarterly earnings data on Monday, February 5th. The company reported $1.93 EPS for the quarter. ITOCHU had a net margin of 5.25% and a return on equity of 13.27%. The company had revenue of $28.40 billion during the quarter. Equities research analysts anticipate that ITOCHU Co. will post 7.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ITOCHU

Large investors have recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of ITOCHU by 111.7% in the 1st quarter. Captrust Financial Advisors now owns 1,562 shares of the company’s stock valued at $106,000 after purchasing an additional 824 shares in the last quarter. Rhumbline Advisers bought a new stake in ITOCHU in the second quarter worth $707,000. Atlas Capital Advisors LLC boosted its position in ITOCHU by 1,238.0% during the second quarter. Atlas Capital Advisors LLC now owns 1,231 shares of the company’s stock valued at $98,000 after buying an additional 1,139 shares during the period. GAMMA Investing LLC bought a new position in shares of ITOCHU during the fourth quarter valued at about $69,000. Finally, Confluence Investment Management LLC purchased a new position in shares of ITOCHU in the first quarter worth about $718,000. 0.08% of the stock is owned by hedge funds and other institutional investors.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.