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

Mitsui & Co. (OTCMKTS:MITSY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $546.3401, but opened at $570.00. Mitsui & Co. shares last traded at $553.63, with a volume of 2,194 shares trading hands.

Wall Street Analyst Weigh In

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

Mitsui & Co. Price Performance

The firm has a market capitalization of $79.56 billion, a P/E ratio of 13.09, a P/E/G ratio of 6.21 and a beta of 0.63. The business’s fifty day moving average is $508.68 and its 200 day moving average is $463.19. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $3.17. Mitsui & Co. had a net margin of 6.47% and a return on equity of 11.70%. The firm had revenue of $22.42 billion for the quarter, compared to analyst estimates of $23.58 billion. As a group, analysts forecast that Mitsui & Co. will post 42.43 EPS for the current 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.