Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Here’s What Happened

Shares of Mitsui & Co. (OTCMKTS:MITSY) gapped down prior to trading on Monday. The stock had previously closed at $647.93, but opened at $614.90. Mitsui & Co. shares last traded at $622.8345, with a volume of 28 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 27th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat, Mitsui & Co. has an average rating of “Strong Buy”.

Mitsui & Co. Price Performance

The business has a 50-day moving average of $638.56 and a 200 day moving average of $668.33. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $89.05 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.84 and a beta of 0.50.

Mitsui & Co. (OTCMKTS:MITSY) last announced its quarterly earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.36 by $3.65. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. Mitsui & Co. had a return on equity of 10.67% and a net margin of 6.22%. On average, sell-side analysts predict that Mitsui & Co. will post 50.48 earnings per share for the current fiscal year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.