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) shares 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 changing hands.

Analysts Set New Price Targets

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

Mitsui & Co. Price Performance

The stock has a fifty day simple moving average of $412.55 and a 200-day simple moving average of $394.83. The company has a market capitalization 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 company has a current ratio of 1.56, a quick ratio of 1.29 and a debt-to-equity ratio of 0.52.

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 for the quarter, missing the consensus estimate of $9.29 by ($0.06). The business 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%. Equities analysts anticipate that Mitsui & Co. will post 42.43 earnings per share 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.