Mitsui & Co. (OTCMKTS:MITSY) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Mitsui & Co. (OTCMKTS:MITSY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $650.64 and traded as high as $718.43. Mitsui & Co. shares last traded at $716.33, with a volume of 7,182 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Mitsui & Co. from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Mitsui & Co. Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.46 and a quick ratio of 1.22. The stock has a market cap of $102.32 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.11 and a beta of 0.51. The firm has a fifty day moving average of $760.27 and a 200 day moving average of $650.64.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 EPS for the quarter, missing the consensus estimate of $10.81 by ($0.87). The company 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 9.99%. As a group, sell-side analysts forecast that Mitsui & Co. will post 46.23 EPS for the current 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.