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

Key Points

• Mitsui & Co. stock reached a new 52-week high at $523.48, closing at $505.69 with a trading volume of 771 shares.
• Analysts have mixed ratings for the stock, with one rating it a strong-buy and another downgrading it to a hold, resulting in an average rating of "Buy."
• The company reported earnings of $9.23 per share for the last quarter, missing estimates, with revenue of $21.93 billion compared to expected $25.80 billion.

Shares of Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $523.48 and last traded at $505.69, with a volume of 771 shares traded. The stock had previously closed at $500.00.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MITSY shares. Nomura Securities upgraded shares of Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th. Zacks Research cut shares of Mitsui & Co. from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Mitsui & Co. Stock Up 1.3%

The firm's 50-day simple moving average is $450.12 and its 200 day simple moving average is $414.13. The company has a market cap of $72.78 billion, a P/E ratio of 13.49 and a beta of 0.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last issued its earnings results on Friday, August 1st. The industrial products company reported $9.23 EPS for the quarter, missing the consensus estimate of $9.29 by ($0.06). Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.48%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $25.80 billion. On average, research analysts forecast that Mitsui & Co. will post 42.43 earnings per share for the current fiscal year.

Mitsui & Co. Company Profile

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.