Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.28 and traded as high as $19.38. Mitsubishi Estate shares last traded at $18.71, with a volume of 27,502 shares.
Analyst Ratings Changes
Separately, CLSA upgraded shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
Check Out Our Latest Analysis on MITEY
Mitsubishi Estate Stock Down 1.0%
The stock's 50-day moving average price is $18.31 and its 200-day moving average price is $16.29. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 18.66 and a beta of 0.22.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). Mitsubishi Estate had a return on equity of 6.14% and a net margin of 11.99%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion.
Mitsubishi Estate Company Profile
(
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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.
Further Reading
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