Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Down - Should You Sell?

Key Points

• Mitsubishi Estate Co. (MITEY) shares gapped down from a closing price of $22.72 to an opening price of $21.77, with the last trade at $22.69.
• CLSA has upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to the stock's overall rating of "Strong Buy" from analysts.
• The company reported earnings of $0.20 per share for the last quarter, surpassing estimates, but its revenue of $2.42 billion fell short of the projected $2.70 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $22.72, but opened at $21.77. Mitsubishi Estate shares last traded at $22.69, with a volume of 31,870 shares changing hands.

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 analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Mitsubishi Estate Stock Up 0.2%

The company has a market cap of $28.42 billion, a price-to-earnings ratio of 21.85 and a beta of 0.21. The business has a fifty day moving average price of $20.83 and a two-hundred day moving average price of $18.65. The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 1.24.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its 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 return on equity of 5.65% and a net margin of 12.09%.The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates 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.