Itochu (OTCMKTS:ITOCY) Announces Quarterly Earnings Results

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

Itochu Price Performance

Shares of OTCMKTS ITOCY opened at $12.51 on Monday. The company has a current ratio of 1.32, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Itochu has a twelve month low of $10.36 and a twelve month high of $15.10. The business has a 50 day simple moving average of $11.74 and a 200-day simple moving average of $12.58. The company has a market capitalization of $99.13 billion, a price-to-earnings ratio of 14.06 and a beta of 0.63.

Institutional Investors Weigh In On Itochu

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

Itochu Company Profile

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.