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Mitsubishi Estate (OTCMKTS:MITEY) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Mitsubishi Estate logo with Finance background

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.72 and traded as high as $18.56. Mitsubishi Estate shares last traded at $18.35, with a volume of 76,357 shares changing hands.

Mitsubishi Estate Trading Up 2.2 %

The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 17.04 and a beta of 0.27. The company's 50 day moving average is $15.96 and its 200-day moving average is $14.82.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $0.28 earnings per share (EPS) for the quarter. Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%.

Mitsubishi Estate Company Profile

(Get Free Report)

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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