Mitsui & Co. (OTCMKTS:MITSY) Reaches New 52-Week High – Time to Buy?

Mitsui & Co. (OTCMKTS:MITSY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $554.54 and last traded at $548.8750, with a volume of 1692 shares trading hands. The stock had previously closed at $527.00.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Mitsui & Co. Price Performance

The company’s 50-day moving average price is $507.94 and its two-hundred day moving average price is $461.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.32. The company has a market capitalization of $78.43 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 6.23 and a beta of 0.64.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $10.94 EPS for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17. The business had revenue of $22.42 billion for the quarter, compared to analyst estimates of $23.58 billion. Mitsui & Co. had a net margin of 6.47% and a return on equity of 11.70%. As a group, sell-side analysts expect that Mitsui & Co. will post 42.43 EPS for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.