ITOCHU (OTCMKTS:ITOCY) Sets New 12-Month High at $99.03

ITOCHU Co. (OTCMKTS:ITOCY)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $99.03 and last traded at $98.35, with a volume of 28707 shares trading hands. The stock had previously closed at $96.21.

ITOCHU Price Performance

The firm has a market cap of $71.35 billion, a PE ratio of 13.51 and a beta of 0.74. The firm has a fifty day simple moving average of $92.78 and a two-hundred day simple moving average of $88.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 1.22.

ITOCHU (OTCMKTS:ITOCY) last posted its earnings results on Wednesday, May 8th. The company reported $1.37 earnings per share for the quarter. The firm had revenue of $18.97 billion during the quarter. ITOCHU had a net margin of 5.72% and a return on equity of 13.60%. Equities analysts predict that ITOCHU Co. will post 8.29 EPS for the current fiscal year.

Institutional Trading of ITOCHU

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC bought a new position in ITOCHU in the 4th quarter valued at $69,000. Atlas Capital Advisors LLC increased its holdings in ITOCHU by 13.1% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock worth $199,000 after purchasing an additional 270 shares during the period. Finally, Confluence Investment Management LLC purchased a new stake in ITOCHU in the first quarter worth about $718,000. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

About ITOCHU

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.