Mitsui & Co. (OTCMKTS:MITSY) Sets New 1-Year High – Should You Buy?

Mitsui & Co. (OTCMKTS:MITSY)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $669.11 and last traded at $646.4985, with a volume of 798 shares traded. The stock had previously closed at $637.67.

Wall Street Analysts Forecast Growth

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

Mitsui & Co. Price Performance

The company has a current ratio of 1.61, a quick ratio of 1.32 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $572.38 and a 200 day moving average of $504.86. The company has a market capitalization of $93.11 billion, a P/E ratio of 15.32, a P/E/G ratio of 7.41 and a beta of 0.62.

Mitsui & Co. (OTCMKTS:MITSY) last announced its earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $3.17. The business had revenue of $22.42 billion for the quarter, compared to analysts’ expectations of $23.58 billion. Mitsui & Co. had a return on equity of 11.49% and a net margin of 6.47%. On average, equities research analysts anticipate 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.