ITOCHU (OTCMKTS:ITOCY) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

ITOCHU Co. (OTCMKTS:ITOCY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $100.15 and traded as low as $97.84. ITOCHU shares last traded at $98.50, with a volume of 26,542 shares traded.

ITOCHU Stock Performance

The firm’s 50 day moving average is $100.04 and its 200 day moving average is $100.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.31. The stock has a market cap of $70.87 billion, a P/E ratio of 13.31 and a beta of 0.75.

Institutional Trading of ITOCHU

An institutional investor recently raised its position in ITOCHU stock. Rhumbline Advisers boosted its holdings in shares of ITOCHU Co. (OTCMKTS:ITOCY) by 5.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,001 shares of the company’s stock after buying an additional 535 shares during the period. Rhumbline Advisers’ holdings in ITOCHU were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.08% of the company’s stock.

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.