Mitsubishi Estate (OTCMKTS:MITEY) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Mitsubishi Estate stock has surpassed its 50-day moving average, trading as high as $23.03 before settling at $22.27 with a market capitalization of $27.86 billion.
• The company reported earnings of $0.20 per share, exceeding the consensus estimate of $0.18, despite revenue falling short at $2.42 billion against estimates of $2.70 billion.
• Mitsubishi Estate has a debt-to-equity ratio of 1.24, indicating its level of debt relative to shareholder equity, alongside a healthy current ratio of 2.33.

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.78 and traded as high as $23.03. Mitsubishi Estate shares last traded at $22.27, with a volume of 38,377 shares traded.

Mitsubishi Estate Price Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 2.33 and a quick ratio of 1.69. The company has a 50-day simple moving average of $21.78 and a two-hundred day simple moving average of $19.20. The stock has a market capitalization of $27.86 billion, a price-to-earnings ratio of 21.41 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a return on equity of 5.65% and a net margin of 12.09%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

About Mitsubishi Estate

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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