Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $702.11, but opened at $676.7801. Mitsui & Co. shares last traded at $678.05, with a volume of 2,489 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Mitsui & Co. Stock Down 3.8%

The firm’s 50 day moving average is $758.93 and its two-hundred day moving average is $671.42. The firm has a market cap of $96.44 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.30 and a beta of 0.51. The company has a current ratio of 1.46, a quick ratio of 1.22 and a debt-to-equity ratio of 0.58.

Mitsui & Co. (OTCMKTS:MITSY) last released 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). Mitsui & Co. had a return on equity of 9.99% and a net margin of 5.96%.The firm had revenue of $23.22 billion for the quarter, compared to the consensus estimate of $34.72 billion. As a group, research analysts anticipate that Mitsui & Co. will post 47.08 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.