Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report)'s share price crossed 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.
Wall Street Analyst Weigh In
Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.
View Our Latest Analysis on MITEY
Mitsubishi Estate Price Performance
The company has a 50 day moving average price of $17.39 and a 200 day moving average price of $15.47. The firm has a market cap of $23.39 billion, a PE ratio of 18.16 and a beta of 0.21.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion. Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%.
About Mitsubishi Estate
(
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.
Featured Stories
Before you consider Mitsubishi Estate, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Estate wasn't on the list.
While Mitsubishi Estate currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
