Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY) saw an uptick in trading volume on Friday . 8,197 shares changed hands during trading, an increase of 3% from the previous session’s volume of 7,956 shares.The stock last traded at $608.00 and had previously closed at $602.23.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Mitsui & Co. Price Performance

The firm has a market cap of $87.05 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.10 and a beta of 0.48. The stock has a 50-day moving average price of $615.66 and a 200 day moving average price of $685.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.19.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $9.94 earnings per share for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. The firm had revenue of $23.22 billion during the quarter, compared to analysts’ expectations of $34.72 billion. As a group, equities research analysts forecast that Mitsui & Co. will post 47.56 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

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.