Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Should You Sell?

Mitsui & Co. (OTCMKTS:MITSY) gapped down prior to trading on Friday . The stock had previously closed at $650.63, but opened at $627.88. Mitsui & Co. shares last traded at $642.06, with a volume of 868 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Mitsui & Co. Stock Down 0.9%

The business has a 50-day simple moving average of $577.51 and a two-hundred day simple moving average of $506.90. The stock has a market capitalization of $92.63 billion, a P/E ratio of 15.24, a PEG ratio of 7.42 and a beta of 0.62. The company has a quick ratio of 1.32, a current ratio of 1.61 and a debt-to-equity ratio of 0.50.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%.The company had revenue of $22.42 billion during the quarter, compared to analysts’ expectations of $23.58 billion. Equities research analysts forecast that Mitsui & Co. will post 42.43 earnings per share for the current fiscal 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.