Mitsui & Co. (OTCMKTS:MITSY) Sets New 1-Year High – Time to Buy?

Mitsui & Co. (OTCMKTS:MITSY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $669.11 and last traded at $646.4985, with a volume of 798 shares traded. The stock had previously closed at $637.67.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Mitsui & Co. Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.61 and a quick ratio of 1.32. The stock has a market cap of $93.49 billion, a P/E ratio of 15.38, a PEG ratio of 7.42 and a beta of 0.62. The stock has a 50-day simple moving average of $577.51 and a 200-day simple moving average of $506.90.

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

Mitsui & Co. Company Profile

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.