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

Mitsui & Co. (OTCMKTS:MITSY) gapped up before the market opened on Wednesday . The stock had previously closed at $723.01, but opened at $771.67. Mitsui & Co. shares last traded at $774.54, with a volume of 1,323 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Up 0.3%

The firm has a market cap of $111.15 billion, a PE ratio of 20.14, a PEG ratio of 1.43 and a beta of 0.51. The business’s 50 day moving average price is $760.49 and its 200 day moving average price is $659.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.46 and a quick ratio of 1.22.

Mitsui & Co. (OTCMKTS:MITSY) last released 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). The company had revenue of $23.22 billion for the quarter, compared to analysts’ expectations of $34.72 billion. Mitsui & Co. had a return on equity of 9.99% and a net margin of 5.96%. On average, equities research analysts expect that Mitsui & Co. will post 47.08 earnings per share for the current year.

Mitsui & Co. Company Profile

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.