Mitsui & Co. (OTCMKTS:MITSY) Hits New 1-Year High – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $616.11 and last traded at $592.4234, with a volume of 3605 shares changing hands. The stock had previously closed at $585.69.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Mitsui & Co. Stock Down 1.2%

The stock has a market capitalization of $82.17 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 6.59 and a beta of 0.64. The company has a quick ratio of 1.32, a current ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $519.91 and a 200 day moving average price of $470.79.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $3.17. The company had revenue of $22.42 billion during the quarter, compared to the consensus estimate of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. As a group, analysts forecast that Mitsui & Co. will post 42.43 EPS for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.