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ITOCHU (OTCMKTS:ITOCY) Stock Crosses Above 50-Day Moving Average - Time to Sell?

ITOCHU logo with Retail/Wholesale background

ITOCHU Co. (OTCMKTS:ITOCY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $100.97 and traded as high as $104.50. ITOCHU shares last traded at $103.58, with a volume of 28,189 shares changing hands.

ITOCHU Price Performance

The company's 50 day simple moving average is $100.97 and its 200 day simple moving average is $95.97. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market cap of $74.53 billion, a P/E ratio of 13.52 and a beta of 0.82.

Institutional Investors Weigh In On ITOCHU

Several large investors have recently made changes to their positions in ITOCY. SVB Wealth LLC bought a new stake in shares of ITOCHU during the fourth quarter worth $413,000. Confluence Investment Management LLC lifted its position in ITOCHU by 2.5% during the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company's stock worth $792,000 after buying an additional 204 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in ITOCHU by 6,003.3% during the 1st quarter. GAMMA Investing LLC now owns 101,009 shares of the company's stock worth $9,395,000 after buying an additional 99,354 shares in the last quarter. Institutional investors own 0.08% of the company's stock.

ITOCHU Company Profile

(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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