Mitsui & Co. (OTCMKTS:MITSY) Sees Large Volume Increase After Analyst Upgrade

Shares of Mitsui & Co. (OTCMKTS:MITSY) saw unusually-high trading volume on Wednesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. 68,933 shares were traded during trading, an increase of 812% from the average daily volume of 7,560 shares. The stock last traded at $638.0960 and had previously closed at $649.90.

Mitsui & Co. Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.22. The company’s fifty day simple moving average is $637.72 and its two-hundred day simple moving average is $668.41. The stock has a market cap of $89.82 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 0.86 and a beta of 0.49.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Monday, August 3rd. The industrial products company reported $13.01 EPS for the quarter, topping analysts’ consensus estimates of $9.36 by $3.65. The company had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $22.29 billion. Mitsui & Co. had a return on equity of 10.67% and a net margin of 6.22%. On average, analysts forecast that Mitsui & Co. will post 50.48 earnings per share for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.