ITOCHU (OTCMKTS:ITOCY) Sets New 1-Year Low – Should You Sell?

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

ITOCHU Price Performance

The stock has a market capitalization of $58.32 billion, a P/E ratio of 10.58 and a beta of 0.74. The stock’s fifty day moving average is $93.60 and its 200-day moving average is $98.69. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.97.

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

Hedge Funds Weigh In On ITOCHU

A hedge fund recently bought a new stake in ITOCHU stock. SVB Wealth LLC acquired a new position in shares of ITOCHU Co. (OTCMKTS:ITOCY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,193 shares of the company’s stock, valued at approximately $413,000. 0.08% of the stock is owned by institutional investors.

About ITOCHU

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.