Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up – Here’s Why

Mitsui & Co. (OTCMKTS:MITSY – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $627.41, but opened at $644.02. Mitsui & Co. shares last traded at $617.23, with a volume of 146 shares changing hands.

Mitsui & Co. Price Performance

The company has a market capitalization of $88.10 billion, a price-to-earnings ratio of 14.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.49. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The company has a 50 day simple moving average of $632.48 and a 200 day simple moving average of $661.60.

Mitsui & Co. (OTCMKTS:MITSY – Get Free Report) last released its quarterly earnings data 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 return on equity of 10.67% and a net margin of 6.22%.The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $22.29 billion. As a group, research analysts predict that Mitsui & Co. will post 48.18 EPS for the current year.

About Mitsui & Co.

(Get Free Report)

Mitsui & Co, Ltd. is a Japanese general trading and investment company headquartered in Tokyo. Its operations span the development, financing, marketing and distribution of products and businesses across a broad range of industries, connecting suppliers, manufacturers, customers and partners around the world.

The company’s activities include mineral and metal resources, energy, machinery and infrastructure, chemicals, food and agriculture, mobility, healthcare, information technology and communications.

See Also

Receive News & Ratings for Mitsui & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsui & Co. and related companies with MarketBeat.com's FREE daily email newsletter.