ITOCHU (OTCMKTS:ITOCY) Reaches New 12-Month High at $94.22

ITOCHU Co. (OTCMKTS:ITOCY)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $94.22 and last traded at $93.99, with a volume of 16530 shares changing hands. The stock had previously closed at $90.06.

ITOCHU Trading Up 4.4 %

The firm has a 50 day moving average price of $87.55 and a two-hundred day moving average price of $83.91. The firm has a market capitalization of $68.19 billion, a P/E ratio of 12.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.91 and a current ratio of 1.22.

ITOCHU (OTCMKTS:ITOCY) last released its quarterly earnings results on Monday, February 5th. The company reported $1.93 earnings per share for the quarter. The business had revenue of $28.40 billion during the quarter. ITOCHU had a return on equity of 13.27% and a net margin of 5.25%. On average, equities research analysts expect that ITOCHU Co. will post 7.64 EPS for the current fiscal year.

Institutional Investors Weigh In On ITOCHU

Hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC purchased a new stake in shares of ITOCHU in the first quarter valued at $718,000. GAMMA Investing LLC acquired a new position in ITOCHU during the fourth quarter valued at $69,000. Finally, Atlas Capital Advisors LLC lifted its stake in ITOCHU by 13.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,328 shares of the company’s stock worth $199,000 after acquiring an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 0.08% of the company’s stock.

ITOCHU Company 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.