Mitsui & Co. (OTCMKTS:MITSY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Mitsui & Co. (OTCMKTS:MITSY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $413.30 and traded as high as $512.87. Mitsui & Co. shares last traded at $500.00, with a volume of 2,814 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Nomura Securities upgraded shares of Mitsui & Co. to a “strong-buy” rating in a research note on Wednesday, May 28th. Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Mitsui & Co. Trading Up 0.8%

The company has a market cap of $71.85 billion, a price-to-earnings ratio of 13.32 and a beta of 0.67. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $448.25 and its 200 day moving average is $413.30.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.23 EPS for the quarter, missing the consensus estimate of $9.29 by ($0.06). The firm had revenue of $21.93 billion for the quarter, compared to analyst estimates of $25.80 billion. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. Research analysts predict that Mitsui & Co. will post 42.43 EPS for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.