Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $702.11, but opened at $676.7801. Mitsui & Co. shares last traded at $678.05, with a volume of 2,489 shares.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Mitsui & Co. currently has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.46 and a quick ratio of 1.22. The stock’s 50 day simple moving average is $758.93 and its two-hundred day simple moving average is $671.42. The stock has a market cap of $96.44 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.30 and a beta of 0.51.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). The business had revenue of $23.22 billion during the quarter, compared to the consensus estimate of $34.72 billion. Mitsui & Co. had a return on equity of 9.99% and a net margin of 5.96%. As a group, research analysts forecast that Mitsui & Co. will post 47.08 EPS for the current 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.