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

Key Points

• Mitsubishi Estate Co. shares gapped down from a previous close of $22.70 to $21.35 at market opening, and last traded at $22.58 with a volume of 22,105 shares.
• CLSA upgraded Mitsubishi Estate to a "strong-buy" rating, contributing to the stock's consensus rating of "Strong Buy."
• The company reported a quarterly earnings per share of $0.20, exceeding expectations, though revenue fell short of estimates at $2.42 billion.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $22.70, but opened at $21.35. Mitsubishi Estate shares last traded at $22.58, with a volume of 22,105 shares traded.

Analysts Set New Price Targets

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, According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Mitsubishi Estate Stock Up 0.3%

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 stock's 50-day moving average is $20.16 and its 200-day moving average is $18.16. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 21.89 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.70 billion. 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.

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