Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY) shares gapped down prior to trading on Friday . The stock had previously closed at $583.01, but opened at $561.26. Mitsui & Co. shares last traded at $584.21, with a volume of 168 shares changing hands.

Analyst Ratings Changes

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

Mitsui & Co. Trading Up 0.1%

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 company has a market cap of $83.89 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 6.64 and a beta of 0.64. The firm has a 50 day moving average price of $531.08 and a two-hundred day moving average price of $477.36.

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

About Mitsui & Co.

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.