Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Up - Should You Buy?

Key Points

• Mitsui & Co. shares gapped up from a previous close of $484.25 to open at $500.00, last trading at $491.14 with a volume of 874 shares.
• Zacks Research upgraded Mitsui & Co. from a "hold" rating to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• In its last earnings report, Mitsui & Co. missed estimates with $9.23 earnings per share on revenue of $21.93 billion, compared to analyst expectations of $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $484.25, but opened at $500.00. Mitsui & Co. shares last traded at $491.14, with a volume of 874 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Mitsui & Co. from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, Mitsui & Co. has a consensus rating of "Strong Buy".

Mitsui & Co. Stock Performance

The stock has a fifty day simple moving average of $481.46 and a two-hundred day simple moving average of $428.49. The stock has a market cap of $70.48 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 10.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.32 and a current ratio of 1.57.

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 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 net margin of 5.77% and a return on equity of 10.48%. Analysts expect that Mitsui & Co. will post 42.43 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.