Mitsui & Co. (OTCMKTS:MITSY) Hits New 52-Week High – Still a Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $679.24 and last traded at $650.8550, with a volume of 552 shares. The stock had previously closed at $654.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Mitsui & Co. Stock Down 1.1%

The company’s fifty day simple moving average is $591.07 and its 200 day simple moving average is $515.15. The company has a current ratio of 1.61, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $94.21 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 5.20 and a beta of 0.62.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17. The company had revenue of $22.42 billion during 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%. Research analysts expect that Mitsui & Co. will post 42.43 EPS for the current 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.