Mitsui & Co. (OTCMKTS:MITSY) Reaches New 1-Year High – Time to Buy?

Mitsui & Co. (OTCMKTS:MITSY) shares reached a new 52-week high during trading on Friday . The company traded as high as $551.37 and last traded at $531.00, with a volume of 55 shares changing hands. The stock had previously closed at $534.50.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Mitsui & Co. Trading Down 0.7%

The stock’s 50 day simple moving average is $505.40 and its 200 day simple moving average is $457.27. The firm has a market cap of $76.30 billion, a PE ratio of 14.14, a PEG ratio of 10.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, beating the consensus estimate of $7.77 by $3.17. Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. The firm had revenue of $22.42 billion for the quarter, compared to analysts’ expectations of $23.58 billion. On average, sell-side analysts forecast that Mitsui & Co. will post 42.43 earnings per share for the current fiscal 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.