Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report)'s share price passed 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 changing hands.
Analysts Set New Price Targets
Separately, CLSA raised shares of Mitsubishi Estate to a "strong-buy" rating in a research report on Tuesday, May 27th.
View Our Latest Stock Analysis on MITEY
Mitsubishi Estate Stock Performance
The company has a fifty day simple moving average of $18.34 and a two-hundred day simple moving average of $16.40. The firm has a market capitalization of $22.55 billion, a PE ratio of 25.66 and a beta of 0.22.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.10). Mitsubishi Estate had a net margin of 11.99% and a return on equity of 6.14%. The business had revenue of $3.59 billion for the quarter, compared to analysts' expectations of $3.58 billion.
About Mitsubishi Estate
(
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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.
Further Reading
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