Mitsui & Co. (OTCMKTS:MITSY) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Mitsui & Co. stock recently crossed above its 200-day moving average of $399.96, trading as high as $468.53, with the last price recorded at $452.67.
• Nomura Securities has upgraded Mitsui & Co. to a "strong-buy" rating, with the stock currently holding an average rating of "Strong Buy" from analysts.
• In its latest earnings report, Mitsui & Co. reported $9.23 EPS, missing the consensus estimate of $9.29, and reported revenue of $21.93 billion compared to an expected $25.80 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $399.96 and traded as high as $468.53. Mitsui & Co. shares last traded at $452.67, with a volume of 3,777 shares.

Wall Street Analysts Forecast Growth

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

Mitsui & Co. Trading Up 3.3%

The company has a fifty day simple moving average of $427.32 and a two-hundred day simple moving average of $402.85. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $68.44 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67.

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 the consensus estimate of $25.80 billion. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%. On average, sell-side analysts expect 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.