Mitsui O.S.K. Lines (OTCMKTS:MSLOY) Sets New 12-Month High – Still a Buy?

Mitsui O.S.K. Lines, Ltd. (OTCMKTS:MSLOY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $23.9085 and last traded at $23.83, with a volume of 2203 shares changing hands. The stock had previously closed at $22.88.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Mitsui O.S.K. Lines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Mitsui O.S.K. Lines Stock Up 4.5%

The stock has a 50 day simple moving average of $20.14 and a 200-day simple moving average of $19.18.

Mitsui O.S.K. Lines Company Profile

Mitsui O.S.K. Lines, Ltd. (MOL) is a Japan-based international transportation and logistics company headquartered in Tokyo. Its principal activities include ocean shipping, marine transportation and related logistics services for customers worldwide.

MOL operates across several shipping segments, including dry bulk carriers, crude oil and product tankers, liquefied natural gas and other energy-related vessels, chemical tankers, car carriers and containership services. The company also provides port and terminal operations, logistics, vessel management and other maritime services.