Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Still a Buy?

Mitsui & Co. (OTCMKTS:MITSY) shares gapped up before the market opened on Wednesday. The stock had previously closed at $627.41, but opened at $644.02. Mitsui & Co. shares last traded at $617.23, with a volume of 146 shares changing hands.

Mitsui & Co. Trading Down 1.7%

The firm has a market capitalization of $88.10 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.14 and a beta of 0.49. The business’s 50-day moving average price is $632.48 and its 200 day moving average price is $661.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.22.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. On average, equities analysts forecast that Mitsui & Co. will post 48.18 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company headquartered in Tokyo. Its operations span the development, financing, marketing and distribution of products and businesses across a broad range of industries, connecting suppliers, manufacturers, customers and partners around the world.

The company’s activities include mineral and metal resources, energy, machinery and infrastructure, chemicals, food and agriculture, mobility, healthcare, information technology and communications.