Confluence Investment Management LLC Acquires Shares of 8,387 ITOCHU Co. (OTCMKTS:ITOCY)

Confluence Investment Management LLC bought a new stake in shares of ITOCHU Co. (OTCMKTS:ITOCY) in the 1st quarter, HoldingsChannel reports. The fund bought 8,387 shares of the company’s stock, valued at approximately $718,000.

Separately, GAMMA Investing LLC acquired a new stake in shares of ITOCHU in the 4th quarter worth about $69,000. Institutional investors own 0.08% of the company’s stock.

ITOCHU Stock Performance

ITOCHU stock traded down $0.42 during midday trading on Tuesday, reaching $94.44. 14,682 shares of the stock traded hands, compared to its average volume of 25,294. ITOCHU Co. has a fifty-two week low of $68.15 and a fifty-two week high of $97.68. The company has a current ratio of 1.22, a quick ratio of 0.91 and a debt-to-equity ratio of 0.43. The firm has a market cap of $68.51 billion, a price-to-earnings ratio of 13.03 and a beta of 0.74. The firm has a fifty day moving average price of $91.57 and a two-hundred day moving average price of $87.99.

ITOCHU (OTCMKTS:ITOCY) last announced its earnings results on Wednesday, May 8th. The company reported $1.37 earnings per share for the quarter. The firm had revenue of $18.97 billion for the quarter. ITOCHU had a return on equity of 13.60% and a net margin of 5.72%. On average, equities research analysts forecast that ITOCHU Co. will post 8.29 earnings per share for the current year.

ITOCHU Profile

ITOCHU Corporation engages in trading and importing/exporting various products worldwide. The company's Textile segment produces and sells fiber and garment materials, textiles fabrics, apparel, and industrial materials; and imports lifestyle brands, fashion accessories, and garments in various areas, such as luxury, casual, and sports.