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Mitsui & Co. (OTCMKTS:MITSY) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Mitsui & Co. logo with Industrial Products background

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $394.38 and traded as high as $419.00. Mitsui & Co. shares last traded at $407.40, with a volume of 10,729 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Analysis on MITSY

Mitsui & Co. Stock Down 1.5%

The firm has a market capitalization of $58.54 billion, a price-to-earnings ratio of 10.14 and a beta of 0.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.56 and a quick ratio of 1.29. The business has a fifty day moving average price of $398.74 and a two-hundred day moving average price of $394.38.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The industrial products company reported $11.25 EPS for the quarter, missing the consensus estimate of $12.73 by ($1.48). Mitsui & Co. had a net margin of 6.12% and a return on equity of 11.45%. The business had revenue of $25.31 billion during the quarter, compared to analysts' expectations of $23.44 billion. On average, equities analysts expect that Mitsui & Co. will post 42.43 earnings per share for the current year.

About Mitsui & Co.

(Get Free Report)

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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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.

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