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

Mitsui & Co. (OTCMKTS:MITSY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $598.40, but opened at $631.82. Mitsui & Co. shares last traded at $609.75, with a volume of 291 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Mitsui & Co. Price Performance

The stock has a market cap of $85.95 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.10 and a beta of 0.48. The company’s 50 day moving average price is $619.18 and its 200-day moving average price is $685.23. The company has a quick ratio of 1.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.56.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing the consensus estimate of $10.81 by ($0.87). The business had revenue of $23.22 billion during the quarter, compared to the consensus estimate of $34.72 billion. Mitsui & Co. had a return on equity of 9.81% and a net margin of 5.96%. As a group, sell-side analysts expect that Mitsui & Co. will post 47.56 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.