Mitsubishi Estate (OTCMKTS:MITEY) Shares Down 4% - Time to Sell?

Key Points

• Mitsubishi Estate's shares fell 4% during mid-day trading, marking a significant drop from the previous closing price of $22.86.
• Despite the decline in share price, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to the stock's average rating of "Strong Buy."
• The company reported earnings of $0.20 per share for the last quarter, surpassing analysts' expectations, although revenue was lower than anticipated at $2.42 billion compared to the expected $2.70 billion.

Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) fell 4% during mid-day trading on Monday . The company traded as low as $21.94 and last traded at $21.94. 6 shares traded hands during trading, a decline of 100% from the average session volume of 55,519 shares. The stock had previously closed at $22.86.

Wall Street Analysts Forecast Growth

Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Mitsubishi Estate Trading Up 0.1%

The firm has a market capitalization of $28.63 billion, a PE ratio of 22.01 and a beta of 0.21. The firm's fifty day moving average is $20.31 and its two-hundred day moving average is $18.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.65%. The business had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

Mitsubishi Estate Company Profile

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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