ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $97.15 and traded as high as $104.78. ITOCHU shares last traded at $104.52, with a volume of 176,418 shares traded.
ITOCHU Trading Up 1.7%
The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $97.79 and its 200-day moving average is $95.60. The firm has a market cap of $76.22 billion, a P/E ratio of 13.83 and a beta of 0.84.
Institutional Investors Weigh In On ITOCHU
Several hedge funds and other institutional investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new position in shares of ITOCHU during the fourth quarter valued at $413,000. Confluence Investment Management LLC increased its position 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. Finally, GAMMA Investing LLC increased its position in ITOCHU by 6,003.3% in the first quarter. GAMMA Investing LLC now owns 101,009 shares of the company's stock worth $9,395,000 after purchasing an additional 99,354 shares during the period. Institutional investors and hedge funds own 0.08% of the company's stock.
ITOCHU Company Profile
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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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