Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – What’s Next?

Mitsui & Co. (OTCMKTS:MITSY) gapped up before the market opened on Thursday . The stock had previously closed at $599.0301, but opened at $628.65. Mitsui & Co. shares last traded at $607.00, with a volume of 41 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Mitsui & Co. Trading Up 1.1%

The business’s 50 day moving average price is $725.12 and its two-hundred day moving average price is $681.41. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $86.49 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.12 and a beta of 0.45.

Mitsui & Co. (OTCMKTS:MITSY) last posted its earnings results on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing the consensus estimate of $10.81 by ($0.87). Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%.The business had revenue of $23.22 billion for the quarter, compared to analyst estimates of $34.72 billion. On average, equities analysts predict that Mitsui & Co. will post 47.56 earnings per share for the current fiscal 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.