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

Key Points

• Mitsubishi Estate's shares gapped down from a previous close of $21.74 to an opening of $21.11 before last trading at $21.32, with a volume of 15,049 shares.
• The company reported $0.20 EPS for the quarter, exceeding analysts' expectations of $0.18, but revenue fell short at $2.42 billion versus a forecast of $2.70 billion.
• Mitsubishi Estate has a market capitalization of $27.34 billion and a debt-to-equity ratio of 1.24, indicating a significant level of leverage.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $21.74, but opened at $21.11. Mitsubishi Estate shares last traded at $21.32, with a volume of 15,049 shares.

Mitsubishi Estate Trading Up 0.6%

The stock's 50 day moving average price is $21.96 and its 200-day moving average price is $19.35. 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 stock has a market capitalization of $27.34 billion, a PE ratio of 21.02 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Mitsubishi Estate had a net margin of 12.09% and a return on equity of 5.65%. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations 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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