Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down - Time to Sell?

Key Points

• Mitsui & Co. shares experienced a significant gap down, opening at $406.33 after closing at $426.53, indicating potential volatility in trading.
• Analysts from Nomura Securities have upgraded Mitsui & Co. to a "strong-buy" rating, reflecting increased optimism about the company's future performance.
• In its latest earnings report, Mitsui & Co. missed EPS expectations by $0.06 with reported earnings of $9.23, while revenue fell short at $21.93 billion compared to the anticipated $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $426.53, but opened at $406.33. Mitsui & Co. shares last traded at $426.50, with a volume of 25,034 shares trading hands.

Analysts Set New Price Targets

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

Mitsui & Co. Stock Performance

The firm's 50 day moving average price is $411.32 and its 200-day moving average price is $393.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.29 and a current ratio of 1.56. The firm has a market capitalization of $60.65 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.74.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last posted 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). The firm 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%. On average, research analysts expect that Mitsui & Co. will post 42.43 EPS 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.

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