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Mitsubishi Estate (OTCMKTS:MITEY) Shares Cross Above Fifty Day Moving Average - Here's Why

Mitsubishi Estate logo with Finance background

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.34 and traded as high as $18.87. Mitsubishi Estate shares last traded at $18.22, with a volume of 22,479 shares trading hands.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on MITEY

Mitsubishi Estate Price Performance

The business has a fifty day moving average price of $18.35 and a 200 day moving average price of $16.46. 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 company has a market cap of $22.90 billion, a price-to-earnings ratio of 18.49 and a beta of 0.22.

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

Mitsubishi Estate Company Profile

(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.

Further Reading

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