Mitsui & Co. (OTCMKTS:MITSY) Shares Cross Above 200 Day Moving Average – Should You Sell?

Mitsui & Co. (OTCMKTS:MITSY)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $504.86 and traded as high as $650.00. Mitsui & Co. shares last traded at $637.67, with a volume of 6,076 shares trading hands.

Analyst Ratings Changes

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

Mitsui & Co. Price Performance

The company’s 50-day moving average price is $572.38 and its two-hundred day moving average price is $504.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.61 and a quick ratio of 1.32. The company has a market capitalization of $91.63 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 7.41 and a beta of 0.62.

Mitsui & Co. (OTCMKTS:MITSY) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 EPS for the quarter, topping the consensus estimate of $7.77 by $3.17. The business had revenue of $22.42 billion during the quarter, compared to the consensus estimate of $23.58 billion. Mitsui & Co. had a net margin of 6.47% and a return on equity of 11.49%. As a group, sell-side analysts expect that Mitsui & Co. will post 42.43 EPS for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. (OTCMKTS: MITSY) is a global sogo shosha, or general trading company, headquartered in Tokyo, Japan. Established in the aftermath of World War II, Mitsui & Co has grown into one of Japan’s largest trading houses, operating across a wide range of industries to connect producers, manufacturers and consumers around the world.

The company’s core activities include commodity trading, resource and energy development, project and infrastructure development, and strategic investing.