Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $647.93, but opened at $614.90. Mitsui & Co. shares last traded at $622.8345, with a volume of 28 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Mitsui & Co. Stock Performance

The company has a market cap of $90.04 billion, a PE ratio of 14.86, a PEG ratio of 0.85 and a beta of 0.49. The business’s 50-day moving average is $638.41 and its 200 day moving average is $668.41. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.22 and a current ratio of 1.45.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. On average, equities research analysts predict that Mitsui & Co. will post 50.48 EPS for the current fiscal year.

Mitsui & Co. Company Profile

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.