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

Key Points

• Mitsubishi Estate shares gapped down from a closing price of $22.27 to open at $21.62, indicating a decline in market performance during Thursday's trading session.
• The company reported earnings per share (EPS) of $0.20 for the last quarter, surpassing estimates by $0.02, although its revenue fell short of analyst expectations at $2.42 billion.
• Mitsubishi Estate has a market capitalization of $27.62 billion with a PE ratio of 21.23 and a relatively low beta of 0.21, suggesting stability in its stock performance.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $22.27, but opened at $21.62. Mitsubishi Estate shares last traded at $22.32, with a volume of 18 shares.

Mitsubishi Estate Stock Down 0.9%

The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24. The company's fifty day simple moving average is $21.78 and its 200 day simple moving average is $19.20. The firm has a market capitalization of $27.62 billion, a PE ratio of 21.23 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its earnings results 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. 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 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.

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