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

Key Points

• Mitsubishi Estate Co. shares experienced a gap down, opening at $20.71 from a previous close of $21.29, with a recent trading price of $21.48 and a volume of 137 shares.
• Analysts at CLSA upgraded Mitsubishi Estate to a "strong-buy" rating, suggesting positive future performance for the stock.
• The company reported earnings of $0.20 per share, exceeding estimates, although its revenue of $2.42 billion fell short of expectations of $2.70 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $21.29, but opened at $20.71. Mitsubishi Estate shares last traded at $21.48, with a volume of 137 shares.

Wall Street Analyst Weigh In

Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Mitsubishi Estate has an average rating of "Strong Buy".

Mitsubishi Estate Stock Performance

The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average price of $19.19 and a 200 day moving average price of $17.38. The firm has a market cap of $27.26 billion, a PE ratio of 20.95 and a beta of 0.23.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.48%. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

About Mitsubishi Estate

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.