Mitsui & Co. (OTCMKTS:MITSY) Reaches New 52-Week High – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $642.44 and last traded at $617.08, with a volume of 158 shares. The stock had previously closed at $609.8150.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mitsui & Co. has a consensus rating of “Buy”.

Mitsui & Co. Trading Down 0.6%

The company has a quick ratio of 1.32, a current ratio of 1.61 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $549.47 and a 200 day simple moving average of $489.75. The firm has a market capitalization of $87.63 billion, a P/E ratio of 14.42, a PEG ratio of 6.99 and a beta of 0.62.

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