Mitsui & Co. (OTCMKTS:MITSY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Mitsui & Co. (OTCMKTS:MITSY) saw unusually-high trading volume on Wednesday . Approximately 20,817 shares traded hands during trading, an increase of 184% from the previous session’s volume of 7,331 shares.The stock last traded at $665.00 and had previously closed at $663.15.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Mitsui & Co. currently has an average rating of “Hold”.

Mitsui & Co. Trading Up 0.1%

The business’s 50 day moving average price is $624.76 and its 200-day moving average price is $670.14. 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 has a market cap of $94.81 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.19 and a beta of 0.48.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $13.01 EPS for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. On average, equities analysts anticipate that Mitsui & Co. will post 48.18 EPS for the current fiscal year.

About Mitsui & Co.

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.