ITOCHU (OTCMKTS:ITOCY) Reaches New 12-Month Low – Here’s What Happened

ITOCHU Co. (OTCMKTS:ITOCY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $79.12 and last traded at $81.05, with a volume of 57345 shares changing hands. The stock had previously closed at $81.66.

ITOCHU Stock Performance

The firm has a fifty day simple moving average of $92.78 and a 200 day simple moving average of $98.53. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41. The stock has a market cap of $58.14 billion, a price-to-earnings ratio of 10.55 and a beta of 0.74.

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

Hedge Funds Weigh In On ITOCHU

A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC purchased a new stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,193 shares of the company’s stock, valued at approximately $413,000. 0.08% of the stock is currently owned by institutional investors and hedge funds.

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.