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

Mitsui & Co. (OTCMKTS:MITSY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $671.88 and traded as high as $674.72. Mitsui & Co. shares last traded at $658.23, with a volume of 2,238 shares.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Mitsui & Co. currently has a consensus rating of “Hold”.

Mitsui & Co. Stock Down 2.0%

The firm has a market capitalization of $94.02 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.19 and a beta of 0.48. The firm’s 50-day moving average is $621.34 and its 200 day moving average is $671.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.19 and a current ratio of 1.45.

Mitsui & Co. (OTCMKTS:MITSY) last posted its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share for the quarter, beating the consensus estimate of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The firm had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $22.29 billion. As a group, research analysts forecast that Mitsui & Co. will post 48.18 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a diversified Japanese trading and investment company that operates as a global business enterprise. The company develops, manages and invests in businesses across a broad range of industries, connecting suppliers, manufacturers, distributors and customers through international trading, project development and supply-chain services.

Its activities include mineral and metal resources, energy, infrastructure, machinery, chemicals, mobility, food and agriculture, retail, healthcare, information technology and communications.