Mitsui & Co. (OTCMKTS:MITSY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Mitsui & Co. experienced a 43% increase in trading volume, with 25,431 shares exchanged on Wednesday compared to the previous session's 17,772 shares.
• Nomura Securities upgraded Mitsui & Co. to a "strong-buy" rating, indicating positive sentiment towards the stock.
• The company's latest earnings report showed an EPS of $9.23, which was below analysts' expectations of $9.29, with a revenue of $21.93 billion against a consensus of $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 25,431 shares changed hands during trading, an increase of 43% from the previous session's volume of 17,772 shares.The stock last traded at $424.92 and had previously closed at $422.32.

Analyst Upgrades and Downgrades

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

Mitsui & Co. Stock Up 1.1%

The company has a market capitalization of $61.32 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.20 and a beta of 0.74. The business has a fifty day simple moving average of $411.47 and a two-hundred day simple moving average of $393.99. The company has a quick ratio of 1.29, a current ratio of 1.56 and a debt-to-equity ratio of 0.52.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). Mitsui & Co. had a net margin of 5.77% and a return on equity of 10.63%. The company had revenue of $21.93 billion during the quarter, compared to the consensus estimate of $25.80 billion. Equities analysts expect that Mitsui & Co. will post 42.43 EPS for the current 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.

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