Mitsui & Co. (OTCMKTS:MITSY) Rating Lowered to Hold at Zacks Research

Mitsui & Co. (OTCMKTS:MITSY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Mitsui & Co. Stock Down 1.9%

Shares of MITSY opened at $628.10 on Tuesday. The business’s 50 day moving average is $742.39 and its 200 day moving average is $677.87. The company has a market capitalization of $89.72 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45. Mitsui & Co. has a 12-month low of $388.00 and a 12-month high of $835.49. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Mitsui & Co. (OTCMKTS:MITSY) last issued its earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.81 by ($0.87). The business had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $34.72 billion. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. Research analysts expect that Mitsui & Co. will post 47.56 earnings per share for the current fiscal 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.