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

Mitsui & Co. (OTCMKTS:MITSY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $484.25, but opened at $500.00. Mitsui & Co. shares last traded at $491.14, with a volume of 874 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Mitsui & Co. Stock Performance

The company has a 50-day simple moving average of $482.53 and a two-hundred day simple moving average of $429.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57. The firm has a market capitalization of $70.89 billion, a P/E ratio of 13.14, a PEG ratio of 10.24 and a beta of 0.67.

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

Mitsui & Co. Company Profile

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.