Mitsui & Co. (OTCMKTS:MITSY) Shares Gap Down - Time to Sell?

Key Points

• Mitsui & Co. shares initially gapped down, opening at $622.32 versus the prior close of $649.71, but later traded at $657.71 on light volume.
• The company reported strong quarterly results, with EPS of $13.01 beating estimates of $9.36 and revenue of $27.77 billion exceeding the $22.29 billion consensus forecast.
• Mitsui has a market capitalization of approximately $92.89 billion, a P/E ratio of 15.33, and analysts expect full-year EPS of about $48.18; its diversified businesses span resources, energy, infrastructure, technology, healthcare, and consumer sectors.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report)'s stock price gapped down before the market opened on Tuesday. The stock had previously closed at $649.71, but opened at $622.32. Mitsui & Co. shares last traded at $657.71, with a volume of 205 shares changing hands.

Mitsui & Co. Price Performance

The firm has a fifty day moving average of $634.51 and a 200 day moving average of $667.78. The company has a market capitalization of $92.89 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.14 and a beta of 0.49. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last issued its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share for the quarter, topping analysts' consensus estimates of $9.36 by $3.65. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. Mitsui & Co. had a return on equity of 10.67% and a net margin of 6.22%. On average, equities research analysts anticipate that Mitsui & Co. will post 48.18 EPS for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.

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