Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $18.52 and traded as high as $19.44. Mitsubishi Estate shares last traded at $18.88, with a volume of 21,309 shares changing hands.
Analyst Ratings Changes
Separately, CLSA upgraded Mitsubishi Estate to a "strong-buy" rating in a research note on Tuesday, May 27th.
Get Our Latest Research Report on MITEY
Mitsubishi Estate Stock Performance
The stock has a 50 day simple moving average of $18.59 and a 200 day simple moving average of $16.75. The company has a market cap of $23.94 billion, a price-to-earnings ratio of 19.33 and a beta of 0.22. The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.26 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 analyst estimates of $3.58 billion. Mitsubishi Estate had a return on equity of 4.85% and a net margin of 11.99%.
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.
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