Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $18.97, but opened at $19.52. Mitsubishi Estate shares last traded at $18.88, with a volume of 38 shares trading hands.
Wall Street Analyst Weigh In
Separately, CLSA raised Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
Read Our Latest Stock Report on Mitsubishi Estate
Mitsubishi Estate Trading Up 2.6%
The business has a fifty day moving average of $18.05 and a 200-day moving average of $15.87. The firm has a market cap of $23.40 billion, a PE ratio of 18.90 and a beta of 0.21.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). The company had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.58 billion. Mitsubishi Estate had a return on equity of 6.14% and a net margin of 11.99%.
Mitsubishi Estate Company Profile
(
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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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