ITOCHU (OTCMKTS:ITOCY) Hits New 1-Year High at $109.09

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $109.09 and last traded at $108.07, with a volume of 18955 shares trading hands. The stock had previously closed at $104.08.

ITOCHU Price Performance

The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 1.29. The firm has a market cap of $77.41 billion, a price-to-earnings ratio of 14.78 and a beta of 0.76. The company’s fifty day moving average is $99.80 and its two-hundred day moving average is $94.41.

ITOCHU (OTCMKTS:ITOCY) last posted its earnings results on Monday, August 5th. The company reported $1.84 earnings per share for the quarter. The business had revenue of $23.09 billion for the quarter. ITOCHU had a net margin of 5.56% and a return on equity of 13.09%. Equities research analysts forecast that ITOCHU Co. will post 8.29 EPS for the current year.

Institutional Investors Weigh In On ITOCHU

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in shares of ITOCHU in the 2nd quarter worth about $28,000. GAMMA Investing LLC increased its position in shares of ITOCHU by 17.1% in the 1st quarter. GAMMA Investing LLC now owns 995 shares of the company’s stock worth $85,000 after purchasing an additional 145 shares during the last quarter. Atlas Capital Advisors LLC increased its position in shares of ITOCHU by 13.1% in 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 last quarter. Confluence Investment Management LLC bought a new stake in shares of ITOCHU in the 1st quarter worth about $718,000. Finally, Rhumbline Advisers increased its position in shares of ITOCHU by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock worth $1,082,000 after purchasing an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 0.08% of the company’s stock.

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.