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ITOCHU (OTCMKTS:ITOCY) Stock Price Passes Below 200-Day Moving Average - Here's What Happened

ITOCHU logo with Retail/Wholesale background

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report)'s share price 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 Stock Performance

The firm has a market capitalization of $66.34 billion, a price-to-earnings ratio of 12.04 and a beta of 0.73. The stock's fifty day moving average is $89.99 and its two-hundred day moving average is $96.02. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41.

ITOCHU (OTCMKTS:ITOCY - Get Free Report) last posted its quarterly earnings data 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

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in ITOCHU by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 1,655 shares of the company's stock worth $163,000 after purchasing an additional 192 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of ITOCHU in the 4th quarter valued at $413,000. Finally, Confluence Investment Management LLC grew its holdings in ITOCHU by 2.5% in the first 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. 0.08% of the stock is owned by institutional investors and hedge funds.

About ITOCHU

(Get Free Report)

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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