Mitsui & Co. (OTCMKTS:MITSY) Sets New 1-Year High - Here's Why

Key Points

• Mitsui & Co. reached a new 52-week high at $495.00 and last traded at $486.15, experiencing a trading volume of 14,798 shares.
• Analysts have upgraded Mitsui & Co. to a "strong-buy" rating, with a consensus view continuing to support this favorable outlook.
• The company reported earnings of $9.23 per share for the last quarter, which missed consensus estimates, alongside revenues of $21.93 billion, falling short of anticipated figures.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $495.00 and last traded at $486.15, with a volume of 14798 shares traded. The stock had previously closed at $476.27.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded shares of Mitsui & Co. to a "strong-buy" rating in a report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Mitsui & Co. currently has a consensus rating of "Strong Buy".

Mitsui & Co. Stock Up 2.1%

The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The company's fifty day moving average is $429.17 and its 200-day moving average is $403.42. The company has a market cap of $69.85 billion, a PE ratio of 12.95, a PEG ratio of 1.29 and a beta of 0.67.

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