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

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.

Shares of Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 25,431 shares traded 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 raised Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th.

Mitsui & Co. Stock Up 2.6%

The company has a current ratio of 1.56, a quick ratio of 1.29 and a debt-to-equity ratio of 0.52. The firm has a market cap of $63.27 billion, a PE ratio of 11.73, a P/E/G ratio of 1.23 and a beta of 0.74. The business's 50-day simple moving average is $412.55 and its 200 day simple moving average is $394.83.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $21.93 billion for the quarter, compared to analysts' expectations of $25.80 billion. Mitsui & Co. had a return on equity of 10.63% and a net margin of 5.77%. As a group, equities research analysts expect that Mitsui & Co. will post 42.43 earnings per share for the current year.

About Mitsui & Co.

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.