ITOCHU (OTCMKTS:ITOCY) Sets New 12-Month Low at $53.34

ITOCHU Co. (OTCMKTS:ITOCY – Get Rating) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $53.34 and last traded at $53.34, with a volume of 65371 shares trading hands. The stock had previously closed at $54.35.

Separately, Mizuho upgraded ITOCHU from a “neutral” rating to a “buy” rating in a research report on Thursday, June 9th.

The company has a market capitalization of $42.27 billion, a P/E ratio of 6.23, a PEG ratio of 0.42 and a beta of 0.49. The firm’s 50 day moving average price is $58.03 and its two-hundred day moving average price is $62.17. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

Several institutional investors and hedge funds have recently modified their holdings of ITOCY. Captrust Financial Advisors boosted its holdings in shares of ITOCHU by 111.7% in the 1st quarter. Captrust Financial Advisors now owns 1,562 shares of the company’s stock valued at $106,000 after buying an additional 824 shares during the last quarter. FCA Corp TX acquired a new stake in shares of ITOCHU in the 4th quarter valued at approximately $209,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ITOCHU by 19.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 263,270 shares of the company’s stock valued at $16,204,000 after buying an additional 43,000 shares during the last quarter. Finally, Todd Asset Management LLC boosted its holdings in shares of ITOCHU by 19.5% in the 4th quarter. Todd Asset Management LLC now owns 485,683 shares of the company’s stock valued at $29,893,000 after buying an additional 79,172 shares during the last quarter. 0.10% of the stock is owned by institutional investors.

About ITOCHU (OTCMKTS:ITOCY)

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.

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