Mitsui & Co., Ltd. (OTCMKTS:MITSY) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Mitsui & Co., Ltd. (OTCMKTS:MITSY)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $395.76 and traded as high as $417.53. Mitsui & Co., Ltd. shares last traded at $414.58, with a volume of 64,959 shares.

Mitsui & Co., Ltd. Price Performance

The firm has a market capitalization of $60.08 billion, a price-to-earnings ratio of 9.41 and a beta of 0.78. The company has a current ratio of 1.48, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $386.61 and a two-hundred day moving average price of $395.76.

Mitsui & Co., Ltd. (OTCMKTS:MITSY) last issued its earnings results on Thursday, May 1st. The industrial products company reported $11.25 earnings per share for the quarter, missing the consensus estimate of $12.73 by ($1.48). Mitsui & Co., Ltd. had a return on equity of 12.55% and a net margin of 6.91%. The company had revenue of $25.31 billion during the quarter, compared to analyst estimates of $23.44 billion. As a group, research analysts forecast that Mitsui & Co., Ltd. will post 42.43 EPS for the current year.

Mitsui & Co., Ltd. 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.