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Itochu (OTCMKTS:ITOCY) Shares Gap Up - Time to Buy?

Itochu logo with Retail/Wholesale background

Itochu Corp. (OTCMKTS:ITOCY - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $104.54, but opened at $109.99. Itochu shares last traded at $103.73, with a volume of 726 shares.

Itochu Stock Up 0.4%

The stock has a market cap of $75.52 billion, a price-to-earnings ratio of 13.70 and a beta of 0.80. The company has a quick ratio of 0.95, a current ratio of 1.28 and a debt-to-equity ratio of 0.43. The business's fifty day moving average is $103.59 and its two-hundred day moving average is $96.39.

Hedge Funds Weigh In On Itochu

An institutional investor recently raised its position in Itochu stock. GAMMA Investing LLC increased its holdings in Itochu Corp. (OTCMKTS:ITOCY - Free Report) by 6,003.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 101,009 shares of the company's stock after acquiring an additional 99,354 shares during the quarter. GAMMA Investing LLC's holdings in Itochu were worth $9,395,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.08% of the company's stock.

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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