Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY) shares saw unusually-strong trading volume on Friday . Approximately 8,197 shares changed hands during trading, an increase of 3% from the previous session’s volume of 7,956 shares.The stock last traded at $608.00 and had previously closed at $602.23.

Analysts Set New Price Targets

Separately, Zacks Research downgraded 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, the stock currently has a consensus rating of “Hold”.

Mitsui & Co. Trading Up 1.2%

The stock has a market capitalization of $87.05 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 1.10 and a beta of 0.48. The company has a 50 day moving average of $615.66 and a 200 day moving average of $685.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.41.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share (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 company had revenue of $23.22 billion during the quarter, compared to analysts’ expectations of $34.72 billion. On average, research analysts predict that Mitsui & Co. will post 47.56 EPS for the current fiscal year.

About Mitsui & Co.

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.