Mitsui & Co. (OTCMKTS:MITSY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday following a better than expected earnings announcement. The stock has a two hundred day moving average of $393.54 and traded as high as $426.64. Mitsui & Co. shares last traded at $426.53, with a volume of 9,552 shares trading hands.
The industrial products company reported $9.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). The business had revenue of $21.93 billion for the quarter, compared to analyst estimates of $25.80 billion. Mitsui & Co. had a return on equity of 10.63% and a net margin of 5.77%.
Wall Street Analysts Forecast Growth
Separately, Nomura Securities raised Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th.
View Our Latest Analysis on Mitsui & Co.
Mitsui & Co. Price Performance
The firm has a 50-day simple moving average of $412.06 and a two-hundred day simple moving average of $394.50. The company has a market capitalization of $63.35 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.20 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. Company Profile
(
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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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