Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down – Time to Sell?

Mitsui & Co. (OTCMKTS:MITSY) gapped down before the market opened 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.

Analyst Ratings Changes

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

Mitsui & Co. Stock Down 0.9%

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

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