Mitsui & Co. (OTCMKTS:MITSY) Reaches New 12-Month High – Time to Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) reached a new 52-week high on Wednesday . The company traded as high as $669.11 and last traded at $646.4985, with a volume of 798 shares traded. The stock had previously closed at $637.67.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsui & Co. has an average rating of “Buy”.

Mitsui & Co. Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.61. The firm’s 50 day simple moving average is $572.38 and its 200 day simple moving average is $504.86. The firm has a market capitalization of $93.11 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 7.41 and a beta of 0.62.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $3.17. The business had revenue of $22.42 billion during the quarter, compared to analysts’ expectations of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. Sell-side analysts forecast that Mitsui & Co. will post 42.43 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.