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

ITOCHU Co. (OTCMKTS:ITOCY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $90.81 and traded as high as $101.78. ITOCHU shares last traded at $99.40, with a volume of 44,715 shares trading hands.

ITOCHU Trading Up 4.6 %

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.41. The business’s fifty day moving average is $90.81 and its 200 day moving average is $95.42. The stock has a market cap of $71.52 billion, a PE ratio of 12.98 and a beta of 0.73.

ITOCHU (OTCMKTS:ITOCY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $2.19 EPS for the quarter. ITOCHU had a return on equity of 13.97% and a net margin of 5.93%.

Institutional Trading of ITOCHU

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of ITOCHU by 13.1% during the 4th quarter. GAMMA Investing LLC now owns 1,655 shares of the company’s stock worth $163,000 after buying an additional 192 shares during the last quarter. SVB Wealth LLC acquired a new stake in ITOCHU in the 4th quarter valued at about $413,000. Finally, Confluence Investment Management LLC increased its holdings in ITOCHU by 2.5% during the 1st quarter. Confluence Investment Management LLC now owns 8,516 shares of the company’s stock valued at $792,000 after acquiring an additional 204 shares in the last quarter. 0.08% of the stock is currently owned by hedge funds and other institutional investors.

ITOCHU Company Profile

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.