Shares of Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.34 and traded as high as $19.20. Mitsubishi Estate shares last traded at $18.41, with a volume of 24,701 shares.
Analyst Upgrades and Downgrades
Separately, CLSA upgraded shares of Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.
Read Our Latest Analysis on MITEY
Mitsubishi Estate Price Performance
The business's 50 day moving average price is $17.39 and its 200 day moving average price is $15.45. The stock has a market capitalization of $23.25 billion, a P/E ratio of 18.05 and a beta of 0.21.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.
About Mitsubishi Estate
(
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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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