Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Time to Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) gapped up prior to trading on Thursday . The stock had previously closed at $598.40, but opened at $631.82. Mitsui & Co. shares last traded at $609.75, with a volume of 291 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Mitsui & Co. Trading Down 0.3%

The firm has a market cap of $85.95 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19. The firm’s fifty day moving average is $619.18 and its 200-day moving average is $685.23.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%.The business had revenue of $23.22 billion for the quarter, compared to analyst estimates of $34.72 billion. Equities analysts anticipate that Mitsui & Co. will post 47.56 earnings per share for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.