Mitsui O.S.K. Lines (OTCMKTS:MSLOY) Shares Up 0.3% – Here’s Why

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY)’s share price shot up 0.3% during trading on Wednesday . The company traded as high as $16.64 and last traded at $16.63. 13,966 shares were traded during mid-day trading, a decline of 45% from the average session volume of 25,469 shares. The stock had previously closed at $16.58.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Mitsui O.S.K. Lines in a report on Tuesday, June 24th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Mitsui O.S.K. Lines Trading Up 0.3%

The stock has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $17.19.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. engages in the marine transportation business in Japan and internationally. The company operates through Dry Bulk Business, Energy and Offshore Business, Product Transport Business, and Associated Businesses segments. The Dry Bulk Business segment owns and operates specialized vessels for various cargo types; and bulk carriers for cargo, such as iron ore, coal, grains, wood, wood chips, cement, fertilizers, salt, and steel products.