Mitsui & Co. (OTCMKTS:MITSY) Stock Passes Above 200 Day Moving Average – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $451.17 and traded as high as $516.3350. Mitsui & Co. shares last traded at $513.4340, with a volume of 7,939 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Mitsui & Co. Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $502.19 and a 200-day simple moving average of $451.17. The firm has a market cap of $73.77 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 10.20 and a beta of 0.64.

Mitsui & Co. (OTCMKTS:MITSY) last released its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $3.17. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%.The firm had revenue of $22.42 billion during the quarter, compared to analyst estimates of $23.58 billion. Equities analysts anticipate that Mitsui & Co. will post 42.43 earnings per share for the current fiscal 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.