Mitsui & Co. (OTCMKTS:MITSY) Shares Pass Above 200 Day Moving Average – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $650.64 and traded as high as $718.43. Mitsui & Co. shares last traded at $716.33, with a volume of 7,182 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mitsui & Co. currently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Performance

The stock has a fifty day moving average price of $760.27 and a two-hundred day moving average price of $650.64. The company has a market cap of $102.32 billion, a P/E ratio of 18.54, a PEG ratio of 2.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.46 and a quick ratio of 1.22.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.99%. The business had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $34.72 billion. On average, equities analysts forecast that Mitsui & Co. will post 47.08 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

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.