Confluence Investment Management LLC Purchases 165 Shares of ITOCHU Co. (OTCMKTS:ITOCY)

Confluence Investment Management LLC lifted its position in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 2.0% in the second quarter, HoldingsChannel reports. The fund owned 8,552 shares of the company’s stock after buying an additional 165 shares during the period. Confluence Investment Management LLC’s holdings in ITOCHU were worth $841,000 at the end of the most recent quarter.

Separately, GAMMA Investing LLC increased its holdings in shares of ITOCHU by 17.1% in the first quarter. GAMMA Investing LLC now owns 995 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares in the last quarter. 0.08% of the stock is owned by institutional investors and hedge funds.

ITOCHU Trading Down 5.3 %

Shares of ITOCHU stock traded down $5.08 during trading hours on Friday, hitting $90.52. The company’s stock had a trading volume of 31,955 shares, compared to its average volume of 20,095. ITOCHU Co. has a 12 month low of $68.15 and a 12 month high of $104.61. The stock has a 50 day moving average of $96.86 and a 200 day moving average of $91.84. The company has a market capitalization of $65.12 billion, a PE ratio of 12.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.22 and a quick ratio of 0.91.

ITOCHU (OTCMKTS:ITOCY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.37 earnings per share (EPS) for the quarter. ITOCHU had a return on equity of 13.60% and a net margin of 5.72%. The company had revenue of $18.97 billion during the quarter. Analysts predict that ITOCHU Co. will post 8.29 earnings per share for the current year.

ITOCHU Profile

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.