Mitsubishi Estate (OTCMKTS:MITEY) Reaches New 52-Week High - Should You Buy?

Key Points

• Mitsubishi Estate Co. (OTCMKTS:MITEY) reached a new 52-week high of $21.52, with the last trading price at $20.45 and a trading volume of 974 shares.
• Analysts from CLSA have upgraded Mitsubishi Estate to a "strong-buy" rating, suggesting positive market sentiment towards the stock.
• The company reported $0.20 earnings per share for the last quarter, beating expectations, but its revenue of $2.42 billion fell short of the forecast of $2.70 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $21.52 and last traded at $20.45, with a volume of 974 shares traded. The stock had previously closed at $20.71.

Analysts Set New Price Targets

Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.

Mitsubishi Estate Stock Performance

The firm has a 50-day moving average price of $18.81 and a two-hundred day moving average price of $17.06. The firm has a market cap of $25.98 billion, a PE ratio of 19.97 and a beta of 0.23. The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.48%.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company develops, leases, manages, and sells office buildings and commercial facilities; operates rental offices, coworking space, virtual offices, hourly meeting rooms, home delivery storage service, commercial nursing homes, and building garages; offers real estate management, as well as building management services, such as security, facility management, cleaning, and planting services; and operates hotels and airports.

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