Itochu Corp. (OTCMKTS:ITOCY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $103.90 and traded as high as $104.70. Itochu shares last traded at $104.35, with a volume of 36,871 shares traded.
Itochu Price Performance
The company has a debt-to-equity ratio of 0.43, a current ratio of 1.28 and a quick ratio of 0.95. The firm has a 50-day moving average of $103.95 and a 200-day moving average of $96.61. The stock has a market cap of $73.52 billion, a PE ratio of 13.34 and a beta of 0.80.
Hedge Funds Weigh In On Itochu
A hedge fund recently raised its stake in Itochu stock. GAMMA Investing LLC grew its stake in Itochu Corp. (OTCMKTS:ITOCY - Free Report) by 79.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,944 shares of the company's stock after purchasing an additional 858 shares during the period. GAMMA Investing LLC's holdings in Itochu were worth $204,000 at the end of the most recent reporting period. 0.08% of the stock is owned by institutional investors.
About Itochu
(
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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.
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