Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Time to Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) gapped up before the market opened on Thursday . The stock had previously closed at $598.40, but opened at $631.82. Mitsui & Co. shares last traded at $609.75, with a volume of 291 shares trading hands.

Analysts Set New Price Targets

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

Mitsui & Co. Stock Performance

The company’s 50-day moving average price is $612.30 and its two-hundred day moving average price is $684.74. The company has a market capitalization of $86.79 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.10 and a beta of 0.48. 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 released its earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.81 by ($0.87). The firm had revenue of $23.22 billion during the quarter, compared to analyst estimates of $34.72 billion. Mitsui & Co. had a net margin of 5.96% and a return on equity of 9.81%. On average, equities research analysts anticipate that Mitsui & Co. will post 47.56 EPS 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.