Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY) shares saw unusually-high trading volume on Wednesday. Approximately 68,933 shares changed hands during trading, an increase of 812% from the average daily volume of 7,560 shares. The stock last traded at $638.0960 and had previously closed at $649.90.

Mitsui & Co. Trading Down 1.9%

The business has a 50-day moving average price of $636.28 and a 200-day moving average price of $668.16. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $91.09 billion, a P/E ratio of 15.04, a PEG ratio of 1.14 and a beta of 0.49.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $22.29 billion. Analysts anticipate that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.