ITOCHU Corporation·Industrials

Itochu Corp. (OTCMKTS:ITOCY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $73.20 and traded as low as $12.43. Itochu shares last traded at $12.75, with a volume of 670,352 shares. Wall Street Analyst Weigh In Several

Itochu Corporation offers a quality, diversified profile with standout non-resource businesses, notably the competitive FamilyMart convenience chain. Itochu should face margin pressure from rising logistics and input costs, particularly in food and maybe textiles, due to the oil crisis and imported inflation. Resource segments, especially coal and oil E&P, are positioned for profit recovery amid higher energy prices, offsetting some non-resource headwinds.

In 2019, Warren Buffett and Berkshire Hathaway announced significant investments in five of the largest Japanese trading houses. In his first annual letter to shareholders, Berkshire's new CEO, Greg Abel, said he expects these five stocks to remain in the large conglomerate's portfolio long term.

Itochu Corp. (OTCMKTS:ITOCY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $104.94 and traded as low as $12.70. Itochu shares last traded at $12.79, with a volume of 354,177 shares trading hands. Analyst Upgrades and Downgrades ITOCY has
ITOCHU Corporation trades and imports/exports various products worldwide. The Textile segment produces and sells raw materials, threads, and textiles; and garments, home furnishings, and industrial materials. Its Machinery segment engages in the plants, bridges, railways, and other infrastructure; power generation, transmission, transformation, and electricity sale; water, environment and waste-related; trading of ships, aircraft, automobiles, construction and industrial machinery, machine tools, environmental equipment, electronic devices, and related equipment; renewable and alternative energy; and waste recycling businesses. The Metals & Minerals segment develops metal and mineral resource; processes steel products; trades iron ore, coal, pig iron and ferrous raw materials, non-ferrous and light metals, steel products, nuclear fuels, and greenhouse gas emissions; and recycles and waste treatment activities. Its Energy & Chemicals segment trades in crude oil, petroleum product, LPG, LNG, natural gas, hydrogen, organic and inorganic chemicals, functional food, synthetic resins, semiconductors, packaging materials, fine chemicals, pharmaceuticals, and electronic materials, as well as engages in the solar and biomass power generation, electricity trading, and the energy storage cell businesses. The Food segment produces, distributes, and retails food products. Its General Products & Realty segment produces and sells paper, pulp, natural rubber, tire, and building products and materials; develops, sells, leases, and operates real estate properties, such as housing, logistics facilities, and other projects; and offers logistics services. The ICT & Financial Business segment offers IT, Internet related and venture capital; distributes mobile telephone devices; and BPO, medical and healthcare, space/ satellite, IP content, digital marketing, and financial, reinsurance, and insurance brokerage services. The company was founded in 1858 and is headquartered in Tokyo, Japan.
Industrials
Conglomerates
115,089
2011-06-29
0.56