Mitsui & Co. (OTCMKTS:MITSY) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSYGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $484.93 and traded as high as $608.23. Mitsui & Co. shares last traded at $594.91, with a volume of 5,466 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on Mitsui & Co.

Mitsui & Co. Trading Up 1.5%

The stock has a fifty day moving average of $542.73 and a 200-day moving average of $485.47. The company has a market cap of $85.48 billion, a PE ratio of 14.07, a PEG ratio of 6.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.61.

Mitsui & Co. (OTCMKTS:MITSYGet Free Report) last released its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $3.17. The business had revenue of $22.42 billion for the quarter, compared to analyst estimates of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. Sell-side analysts anticipate that Mitsui & Co. will post 42.43 EPS for the current fiscal year.

About Mitsui & Co.

(Get Free Report)

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.

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