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

Shares of Mitsui & Co. (OTCMKTS:MITSY) gapped down prior to trading on Friday . The stock had previously closed at $664.88, but opened at $636.01. Mitsui & Co. shares last traded at $667.1750, with a volume of 1,632 shares trading hands.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mitsui & Co. currently has a consensus rating of “Hold”.

Mitsui & Co. Stock Up 1.8%

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 firm’s 50 day moving average price is $610.15 and its two-hundred day moving average price is $674.32. The firm has a market cap of $95.11 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.20 and a beta of 0.48.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $3.65. The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $22.29 billion. Mitsui & Co. had a return on equity of 10.56% and a net margin of 6.22%. As a group, sell-side analysts forecast that Mitsui & Co. will post 48.18 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a diversified Japanese trading and investment company that operates as a global business enterprise. The company develops, manages and invests in businesses across a broad range of industries, connecting suppliers, manufacturers, distributors and customers through international trading, project development and supply-chain services.

Its activities include mineral and metal resources, energy, infrastructure, machinery, chemicals, mobility, food and agriculture, retail, healthcare, information technology and communications.