Itochu (OTCMKTS:ITOCY) Issues Earnings Results, Misses Estimates By $0.01 EPS

Itochu (OTCMKTS:ITOCY) released its quarterly earnings results on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), Zacks reports.

Itochu Stock Performance

ITOCY stock opened at $12.51 on Monday. The company has a market capitalization of $99.13 billion, a price-to-earnings ratio of 14.06 and a beta of 0.63. The business has a 50 day simple moving average of $11.74 and a two-hundred day simple moving average of $12.58. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.32 and a quick ratio of 0.99. Itochu has a 1-year low of $10.36 and a 1-year high of $15.10.

Institutional Trading of Itochu

An institutional investor recently bought a new stake in Itochu stock. Aristotle Capital Management LLC acquired a new stake in Itochu Corp. (OTCMKTS:ITOCY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,762 shares of the company’s stock, valued at approximately $1,487,000. 0.08% of the stock is owned by institutional investors.

About Itochu

Itochu Corporation is a major Japanese trading company (sogo shosha) that operates a diversified global business spanning trading, investment and services. The company traces its roots to the 19th century and has evolved from a textile trading firm into a broad-based commercial and investment group. Its American Depositary Receipts trade over the counter under the symbol ITOCY.

Itochu conducts commodity and product trading across a wide range of sectors including textiles and apparel, machinery, metals and minerals, energy and chemicals, food and consumer products, information and communications technology, and real estate.