Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Time to Sell?

Shares of Mitsui & Co. (OTCMKTS:MITSY) 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 trading 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 Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Mitsui & Co. Price Performance

The company’s 50-day moving average is $531.08 and its 200-day moving average is $477.36. The firm has a market cap of $83.89 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 6.64 and a beta of 0.64. The company has a current ratio of 1.61, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, topping 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 firm had revenue of $22.42 billion during the quarter, compared to analysts’ expectations of $23.58 billion. Equities research analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current 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.