ITOCHU CORP/ADR (OTCMKTS:ITOCY) Sets New 12-Month High at $44.40

Shares of ITOCHU CORP/ADR (OTCMKTS:ITOCY) reached a new 52-week high on Tuesday . The stock traded as high as $44.40 and last traded at $44.40, with a volume of 31582 shares traded. The stock had previously closed at $43.45.

Separately, ValuEngine cut shares of ITOCHU CORP/ADR from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st.

The company has a quick ratio of 0.97, a current ratio of 1.24 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average is $41.90 and its two-hundred day moving average is $39.12. The company has a market capitalization of $32.19 billion, a P/E ratio of 7.60 and a beta of 0.61.

A hedge fund recently raised its stake in ITOCHU CORP/ADR stock. Todd Asset Management LLC increased its stake in ITOCHU CORP/ADR (OTCMKTS:ITOCY) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,470 shares of the company’s stock after purchasing an additional 4,970 shares during the period. Todd Asset Management LLC’s holdings in ITOCHU CORP/ADR were worth $3,106,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.18% 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.

Featured Story: Percentage Gainers

Receive News & Ratings for ITOCHU CORP/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITOCHU CORP/ADR and related companies with MarketBeat.com's FREE daily email newsletter.