Mitsui & Co. (OTCMKTS:MITSY) Sets New 52-Week High – Here’s What Happened

Mitsui & Co. (OTCMKTS:MITSYGet Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $653.80 and last traded at $633.00, with a volume of 5480 shares. The stock had previously closed at $633.1850.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on MITSY

Mitsui & Co. Price Performance

The stock has a market cap of $90.89 billion, a PE ratio of 14.96, a PEG ratio of 7.06 and a beta of 0.62. The business’s 50-day simple moving average is $557.37 and its 200-day simple moving average is $495.10. The company has a quick ratio of 1.32, a current ratio of 1.61 and a debt-to-equity ratio of 0.50.

Mitsui & Co. (OTCMKTS:MITSYGet Free Report) last posted its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, topping analysts’ consensus estimates of $7.77 by $3.17. Mitsui & Co. had a net margin of 6.47% and a return on equity of 11.49%. The company had revenue of $22.42 billion during the quarter, compared to analyst estimates of $23.58 billion. On average, research analysts expect that Mitsui & Co. will post 42.43 EPS for the current fiscal year.

About Mitsui & Co.

(Get Free Report)

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.

Further Reading

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