Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Here’s What Happened

Mitsui & Co. (OTCMKTS:MITSY) shares gapped down before the market opened on Monday. The stock had previously closed at $647.93, but opened at $614.90. Mitsui & Co. shares last traded at $622.8345, with a volume of 28 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, Mitsui & Co. presently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Down 0.3%

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.22. The company has a fifty day moving average price of $638.41 and a 200 day moving average price of $668.41. The company has a market cap of $90.04 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.85 and a beta of 0.49.

Mitsui & Co. (OTCMKTS:MITSY) last announced its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $22.29 billion. As a group, analysts anticipate that Mitsui & Co. will post 50.48 EPS for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.