Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume – Still a Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) saw unusually-high trading volume on Friday . 8,197 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 7,956 shares.The stock last traded at $608.00 and had previously closed at $602.23.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Mitsui & Co. currently has a consensus rating of “Hold”.

Mitsui & Co. Trading Up 0.9%

The firm has a market cap of $86.79 billion, a P/E ratio of 15.73, a P/E/G ratio of 1.11 and a beta of 0.48. The stock has a 50 day simple moving average of $612.30 and a 200-day simple moving average of $684.74. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Mitsui & Co. (OTCMKTS:MITSY) last posted its earnings results on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The firm had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $34.72 billion. On average, equities research analysts expect that Mitsui & Co. will post 47.56 EPS for the current fiscal year.

About Mitsui & Co.

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.