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Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Down - Here's What Happened

Mitsubishi Estate logo with Finance background

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $18.07, but opened at $17.40. Mitsubishi Estate shares last traded at $18.49, with a volume of 139 shares changing hands.

Analyst Ratings Changes

Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a report on Tuesday, May 27th.

View Our Latest Stock Report on MITEY

Mitsubishi Estate Stock Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33. The stock's 50 day moving average price is $18.43 and its 200 day moving average price is $16.53. The company has a market capitalization of $24.00 billion, a P/E ratio of 19.38 and a beta of 0.22.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Mitsubishi Estate had a return on equity of 4.85% and a net margin of 11.99%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion.

About Mitsubishi Estate

(Get Free Report)

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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