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Mitsubishi Estate (OTCMKTS:MITEY) Share Price Crosses Above 50-Day Moving Average - Should You Sell?

Mitsubishi Estate logo with Finance background

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 $16.46 and traded as high as $17.90. Mitsubishi Estate shares last traded at $17.88, with a volume of 26,743 shares traded.

Mitsubishi Estate Trading Up 2.3%

The firm has a 50 day simple moving average of $16.52 and a 200 day simple moving average of $14.96. The firm has a market capitalization of $22.48 billion, a PE ratio of 17.45 and a beta of 0.20.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.26 earnings per share 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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