Mitsui & Co. (OTCMKTS:MITSY) Stock Price Up 5% – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY) was up 5% during trading on Thursday . The company traded as high as $590.08 and last traded at $585.06. Approximately 2,673 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 13,417 shares. The stock had previously closed at $557.25.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Mitsui & Co. Price Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.61. The company has a market cap of $84.78 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 6.28 and a beta of 0.64. The business has a fifty day moving average price of $511.04 and a 200 day moving average price of $464.84.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17. The firm had revenue of $22.42 billion for the quarter, compared to analysts’ expectations of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. As a group, research analysts anticipate that Mitsui & Co. will post 42.43 earnings per share 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.