Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up - Time to Buy?

Key Points

• Mitsui & Co. shares opened significantly higher at $463.55 after closing at $445.73, indicating strong market interest.
• Nomura Securities upgraded Mitsui & Co. to a "strong-buy" rating, suggesting increased confidence in the stock's future performance.
• The company's recent quarterly earnings report showed $9.23 earnings per share, falling short of expectations, with revenues of $21.93 billion versus a consensus estimate of $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $445.73, but opened at $463.55. Mitsui & Co. shares last traded at $443.48, with a volume of 820 shares traded.

Analyst Ratings Changes

Separately, Nomura Securities upgraded Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has an average rating of "Strong Buy".

Mitsui & Co. Trading Up 1.9%

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.32. The company has a market cap of $65.84 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.26 and a beta of 0.74. The business has a 50 day simple moving average of $419.71 and a 200 day simple moving average of $398.42.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The industrial products company reported $9.23 EPS for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). The business had revenue of $21.93 billion during the quarter, compared to analyst estimates of $25.80 billion. Mitsui & Co. had a return on equity of 10.50% and a net margin of 5.77%. As a group, equities analysts forecast 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.