Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY) gapped up before the market opened on Thursday . The stock had previously closed at $599.0301, but opened at $628.65. Mitsui & Co. shares last traded at $607.00, with a volume of 41 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Mitsui & Co. has an average rating of “Hold”.

Mitsui & Co. Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19. The company’s 50-day simple moving average is $725.12 and its 200-day simple moving average is $681.41. The stock has a market capitalization of $86.49 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.12 and a beta of 0.45.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing the consensus estimate of $10.81 by ($0.87). The company had revenue of $23.22 billion during 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%. As a group, sell-side analysts expect that Mitsui & Co. will post 47.56 EPS 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.