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

Mitsui & Co. (OTCMKTS:MITSY)’s stock price gapped up prior to trading 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 changing hands.

Analysts Set New Price Targets

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

Mitsui & Co. Trading Down 2.4%

The stock has a market cap of $86.28 billion, a P/E ratio of 15.64, a PEG ratio of 1.13 and a beta of 0.45. The company has a current ratio of 1.41, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $717.94 and its 200 day moving average price is $681.59.

Mitsui & Co. (OTCMKTS:MITSY) last announced 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). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The business had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $34.72 billion. Equities research analysts expect that Mitsui & Co. will post 47.56 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.