Mitsui & Co. (OTCMKTS:MITSY) Sees Strong Trading Volume – Still a Buy?

Mitsui & Co. (OTCMKTS:MITSY) shares saw unusually-strong trading volume on Wednesday . Approximately 20,817 shares were traded during mid-day trading, an increase of 184% from the previous session’s volume of 7,331 shares.The stock last traded at $665.00 and had previously closed at $663.15.

Analyst Ratings Changes

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

Mitsui & Co. Stock Up 0.1%

The firm has a 50 day simple moving average of $624.76 and a two-hundred day simple moving average of $670.14. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $94.81 billion, a P/E ratio of 15.65, a PEG ratio of 1.19 and a beta of 0.48.

Mitsui & Co. (OTCMKTS:MITSY) last issued 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 return on equity of 10.67% and a net margin of 6.22%.The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. On average, equities research analysts expect that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a diversified Japanese trading and investment company that operates as a global business enterprise. The company develops, manages and invests in businesses across a broad range of industries, connecting suppliers, manufacturers, distributors and customers through international trading, project development and supply-chain services.

Its activities include mineral and metal resources, energy, infrastructure, machinery, chemicals, mobility, food and agriculture, retail, healthcare, information technology and communications.