ITOCHU CORP/ADR (ITOCY) Rating Lowered to Sell at ValuEngine

ValuEngine downgraded shares of ITOCHU CORP/ADR (OTCMKTS:ITOCY) from a hold rating to a sell rating in a research report report published on Friday.

ITOCY opened at $35.42 on Friday. The firm has a market cap of $29.45 billion, a P/E ratio of 7.29 and a beta of 0.75. ITOCHU CORP/ADR has a 1 year low of $33.71 and a 1 year high of $40.85. The company has a quick ratio of 1.03, a current ratio of 1.33 and a debt-to-equity ratio of 0.78.

A hedge fund recently raised its stake in ITOCHU CORP/ADR stock. Glenmede Trust Co. NA boosted its position in shares of ITOCHU CORP/ADR (OTCMKTS:ITOCY) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,661 shares of the company’s stock after purchasing an additional 3,797 shares during the period. Glenmede Trust Co. NA’s holdings in ITOCHU CORP/ADR were worth $9,289,000 at the end of the most recent reporting period. 0.12% of the stock is owned by institutional investors and hedge funds.

About ITOCHU CORP/ADR

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.

Read More: SEC Filing

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