ITOCHU (OTCMKTS:ITOCY) Stock Passes Below 200-Day Moving Average – Should You Sell?

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 0.5 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.31. The stock has a market capitalization of $71.23 billion, a price-to-earnings ratio of 13.38 and a beta of 0.75. The business has a fifty day simple moving average of $99.99 and a 200 day simple moving average of $100.19.

Hedge Funds Weigh In On ITOCHU

An institutional investor recently raised its position in ITOCHU stock. GAMMA Investing LLC boosted its stake in ITOCHU Co. (OTCMKTS:ITOCY) by 29.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,463 shares of the company’s stock after purchasing an additional 332 shares during the quarter. GAMMA Investing LLC’s holdings in ITOCHU were worth $157,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.08% of the company’s stock.

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.