ITOCHU (OTCMKTS:ITOCY) Shares Cross Below 200 Day Moving Average – Should You Sell?

ITOCHU Co. (OTCMKTS:ITOCY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $100.07 and traded as low as $97.28. ITOCHU shares last traded at $97.37, with a volume of 25,240 shares trading hands.

ITOCHU Trading Down 2.1 %

The business’s 50-day moving average price is $100.75 and its 200-day moving average price is $100.07. The firm has a market capitalization of $70.06 billion, a PE ratio of 13.16 and a beta of 0.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.31 and a quick ratio of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. First Horizon Advisors Inc. acquired a new stake in shares of ITOCHU during the second quarter worth about $28,000. GAMMA Investing LLC lifted its position in ITOCHU by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,463 shares of the company’s stock worth $157,000 after acquiring an additional 332 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of ITOCHU by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 11,001 shares of the company’s stock valued at $1,082,000 after purchasing an additional 535 shares during the last quarter. 0.08% of the stock is currently owned by institutional investors and hedge funds.

ITOCHU Company Profile

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.