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Mitsui & Co., Ltd. (OTCMKTS:MITSY) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Mitsui & Co., Ltd. logo with Industrials background

Mitsui & Co., Ltd. (OTCMKTS:MITSY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $394.68 and traded as high as $410.43. Mitsui & Co., Ltd. shares last traded at $410.03, with a volume of 9,023 shares changing hands.

Wall Street Analyst Weigh In

Separately, Nomura Securities upgraded shares of Mitsui & Co., Ltd. to a "strong-buy" rating in a research report on Wednesday, May 28th.

View Our Latest Research Report on MITSY

Mitsui & Co., Ltd. Price Performance

The company has a market capitalization of $58.06 billion, a price-to-earnings ratio of 9.17 and a beta of 0.76. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $392.04 and a 200 day moving average price of $394.68.

Mitsui & Co., Ltd. (OTCMKTS:MITSY - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The industrial products company reported $11.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.73 by ($1.48). The firm had revenue of $25.31 billion during the quarter, compared to the consensus estimate of $23.44 billion. Mitsui & Co., Ltd. had a net margin of 6.91% and a return on equity of 12.55%. As a group, equities research analysts forecast that Mitsui & Co., Ltd. will post 42.43 earnings per share for the current year.

About Mitsui & Co., Ltd.

(Get Free Report)

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.

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