Itochu (OTCMKTS:ITOCY) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

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

Itochu Stock Performance

OTCMKTS ITOCY opened at $12.51 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.32 and a debt-to-equity ratio of 0.41. Itochu has a 12-month low of $10.36 and a 12-month high of $15.10. The company has a 50-day simple moving average of $11.74 and a two-hundred day simple moving average of $12.58. The firm has a market cap of $99.13 billion, a price-to-earnings ratio of 14.06 and a beta of 0.63.

Institutional Investors Weigh In On Itochu

An institutional investor recently bought a new stake in Itochu stock. Aristotle Capital Management LLC bought a new position in Itochu Corp. (OTCMKTS:ITOCY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 11,762 shares of the company’s stock, valued at approximately $1,487,000. Institutional investors and hedge funds own 0.08% of the company’s stock.

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.