ITOCHU (OTCMKTS:ITOCY) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $100.15 and traded as low as $97.84. ITOCHU shares last traded at $98.50, with a volume of 26,542 shares.

ITOCHU Trading Up 0.1 %

The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $100.04 and its 200-day moving average is $100.15. The company has a market cap of $70.87 billion, a PE ratio of 13.31 and a beta of 0.75.

Institutional Trading of ITOCHU

A hedge fund recently raised its stake in ITOCHU stock. GAMMA Investing LLC raised its stake in ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,463 shares of the company’s stock after buying an additional 332 shares during the period. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.08% of the stock is currently owned by institutional investors.

About ITOCHU

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.