Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume on Analyst Upgrade

Shares of Mitsui & Co. (OTCMKTS:MITSY) saw strong trading volume on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. 68,933 shares were traded during mid-day trading, an increase of 812% from the average daily volume of 7,560 shares. The stock last traded at $638.0960 and had previously closed at $649.90.

Mitsui & Co. Stock Performance

The business has a fifty day moving average price of $637.72 and a 200-day moving average price of $668.41. The stock has a market capitalization of $90.04 billion, a P/E ratio of 14.86, a P/E/G ratio of 0.86 and a beta of 0.49. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55.

Mitsui & Co. (OTCMKTS:MITSY) last issued 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. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $22.29 billion. On average, sell-side analysts expect that Mitsui & Co. will post 50.48 EPS for the current year.

About Mitsui & Co.

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.