Mitsui & Co. (OTCMKTS:MITSY) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Mitsui & Co. (OTCMKTS:MITSY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $423.60 and traded as high as $512.89. Mitsui & Co. shares last traded at $501.05, with a volume of 3,548 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Mitsui & Co. presently has a consensus rating of “Buy”.

Mitsui & Co. Trading Up 0.3%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.32. The business’s 50-day moving average is $470.17 and its 200 day moving average is $423.60. The firm has a market capitalization of $72.00 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 10.65 and a beta of 0.67.

Mitsui & Co. (OTCMKTS:MITSY) last announced 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 return on equity of 10.48% and a net margin of 5.77%.The business had revenue of $21.93 billion for the quarter, compared to analyst estimates of $25.80 billion. As a group, analysts anticipate that Mitsui & Co. will post 42.43 EPS for the current fiscal 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.