Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY) gapped up before the market opened on Wednesday . The stock had previously closed at $723.01, but opened at $771.67. Mitsui & Co. shares last traded at $774.54, with a volume of 1,323 shares.

Analyst Upgrades and Downgrades

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

Mitsui & Co. Stock Up 3.8%

The firm has a market cap of $110.69 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.34 and a beta of 0.51. 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 50-day moving average of $759.39 and a 200-day moving average of $655.64.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $9.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.81 by ($0.87). The company had revenue of $23.22 billion for the quarter, compared to analyst estimates of $34.72 billion. Mitsui & Co. had a return on equity of 9.99% and a net margin of 5.96%. Sell-side analysts predict that Mitsui & Co. will post 47.08 EPS for the current fiscal 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.