Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.96 and traded as high as $22.00. Mitsubishi Estate shares last traded at $21.30, with a volume of 33,000 shares trading hands.
Wall Street Analyst Weigh In
Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
Get Our Latest Analysis on Mitsubishi Estate
Mitsubishi Estate Stock Performance
The company has a market capitalization of $26.64 billion, a PE ratio of 20.48 and a beta of 0.23. The business's 50-day moving average is $18.96 and its 200-day moving average is $17.16. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33.
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 (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.02. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.48%. The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.70 billion.
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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