ITOCHU CORP/ADR (OTCMKTS:ITOCY) Stock Price Crosses Below Fifty Day Moving Average of $41.35

ITOCHU CORP/ADR (OTCMKTS:ITOCY) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $41.35 and traded as low as $42.05. ITOCHU CORP/ADR shares last traded at $42.05, with a volume of 1,520 shares trading hands.

Separately, ValuEngine lowered ITOCHU CORP/ADR from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st.

The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 7.14 and a beta of 0.61. The company has a current ratio of 1.24, a quick ratio of 0.97 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average price of $41.42 and a two-hundred day moving average price of $38.38.

ITOCHU CORP/ADR (OTCMKTS:ITOCY) last released its quarterly earnings data on Friday, August 2nd. The company reported $1.82 earnings per share for the quarter. The business had revenue of $25.30 billion for the quarter. ITOCHU CORP/ADR had a return on equity of 12.67% and a net margin of 4.01%. As a group, research analysts forecast that ITOCHU CORP/ADR will post 3.08 earnings per share for the current year.

A hedge fund recently bought a new stake in ITOCHU CORP/ADR stock. Duff & Phelps Investment Management Co. purchased a new position in shares of ITOCHU CORP/ADR (OTCMKTS:ITOCY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 39,301 shares of the company’s stock, valued at approximately $1,500,000. Institutional investors and hedge funds own 0.18% of the company’s stock.

ITOCHU CORP/ADR Company Profile (OTCMKTS:ITOCY)

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells textile raw materials, garment materials, textile products, apparel, and industrial materials; and focuses on import licenses for lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.

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