Mitsui & Co. (OTCMKTS:MITSY) Sets New 52-Week High – Here’s What Happened

Shares of Mitsui & Co. (OTCMKTS:MITSY) reached a new 52-week high on Tuesday . The company traded as high as $642.44 and last traded at $617.08, with a volume of 158 shares. The stock had previously closed at $609.8150.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Mitsui & Co. Stock Up 0.8%

The company has a market cap of $88.29 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 6.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.32 and a current ratio of 1.61. The stock’s fifty day moving average is $544.86 and its two-hundred day moving average is $487.41.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 EPS for the quarter, topping analysts’ consensus estimates of $7.77 by $3.17. The firm had revenue of $22.42 billion during the quarter, compared to analyst estimates of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. Sell-side analysts predict that Mitsui & Co. will post 42.43 earnings per share 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.