Mitsui & Co. (OTCMKTS:MITSY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Mitsui & Co. (OTCMKTS:MITSY – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $651.30 and traded as high as $656.80. Mitsui & Co. shares last traded at $630.74, with a volume of 3,997 shares trading hands.

Mitsui & Co. Price Performance

The stock has a market cap of $90.27 billion, a PE ratio of 14.90, a P/E/G ratio of 1.14 and a beta of 0.49. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55. The company’s 50 day moving average is $634.14 and its 200-day moving average is $650.09.

Mitsui & Co. (OTCMKTS:MITSY – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 earnings per share for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $22.29 billion. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. As a group, sell-side analysts predict that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

(Get Free Report)

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.

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