ITOCHU CORP/ADR (OTCMKTS:ITOCY) Shares Cross Above 50-Day Moving Average of $47.19

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ITOCHU CORP/ADR (OTCMKTS:ITOCY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $47.19 and traded as high as $47.29. ITOCHU CORP/ADR shares last traded at $47.29, with a volume of 5,162 shares trading hands.

The company has a market capitalization of $35.11 billion, a PE ratio of 7.25 and a beta of 0.62. The company has a 50 day moving average of $47.20 and a two-hundred day moving average of $43.61. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.23 and a quick ratio of 0.95.

ITOCHU CORP/ADR (OTCMKTS:ITOCY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.71 EPS for the quarter. ITOCHU CORP/ADR had a return on equity of 14.32% and a net margin of 4.72%. The business had revenue of $24.50 billion during the quarter.

A hedge fund recently raised its stake in ITOCHU CORP/ADR stock. Quadrant Capital Group LLC raised its stake in shares of ITOCHU CORP/ADR (OTCMKTS:ITOCY) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,242 shares of the company’s stock after buying an additional 937 shares during the quarter. Quadrant Capital Group LLC’s holdings in ITOCHU CORP/ADR were worth $454,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.16% of the company’s stock.

About ITOCHU CORP/ADR (OTCMKTS:ITOCY)

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells textile raw materials, garment materials, textile products, apparel, and industrial materials; and focuses on import licenses for lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.

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