Mitsubishi Estate (OTCMKTS:MITEY) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.67 and traded as high as $19.25. Mitsubishi Estate shares last traded at $18.61, with a volume of 46,450 shares changing hands.

Wall Street Analyst Weigh In

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

Mitsubishi Estate Price Performance

The stock's 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $15.61. The stock has a market cap of $23.28 billion, a price-to-earnings ratio of 18.07 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Mitsubishi Estate had a net margin of 12.13% and a return on equity of 5.27%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.58 billion.

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.