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

Key Points

• Mitsubishi Estate Co. shares opened at $22.96 after gapping up from a previous close of $21.89, with a last traded price of $22.52 and a trading volume of 217 shares.
• Despite reporting $0.20 earnings per share, exceeding the consensus estimate of $0.18, the company’s revenue of $2.42 billion fell short of analyst estimates of $2.70 billion.
• Mitsubishi Estate has a market capitalization of $27.96 billion and a current ratio of 2.33, indicating solid liquidity.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $21.89, but opened at $22.96. Mitsubishi Estate shares last traded at $22.52, with a volume of 217 shares trading hands.

Mitsubishi Estate Stock Performance

The stock's 50 day moving average is $21.49 and its two-hundred day moving average is $19.02. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. The firm has a market capitalization of $27.96 billion, a P/E ratio of 21.49 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 earnings per share (EPS) for the quarter, beating 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 business 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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