Mitsui & Co. (OTCMKTS:MITSY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Mitsui & Co. (OTCMKTS:MITSY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $432.00 and traded as high as $491.97. Mitsui & Co. shares last traded at $487.00, with a volume of 6,342 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Down 1.0%

The business has a fifty day moving average price of $485.34 and a two-hundred day moving average price of $432.00. The company has a market cap of $69.98 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 10.21 and a beta of 0.67. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Mitsui & Co. (OTCMKTS:MITSY) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.29 by ($0.06). Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $25.80 billion. On average, equities analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current year.

Mitsui & Co. Company Profile

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.