Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Mitsubishi Estate's stock price recently rose above its 50-day moving average, closing at $22.12 after reaching a high of $22.68 during trading.
• The company reported quarterly earnings of $0.20 per share, exceeding analysts' expectations, and generated $2.42 billion in revenue despite missing consensus estimates.
• Mitsubishi Estate has a market capitalization of $27.67 billion and maintains a debt-to-equity ratio of 1.24, indicating a moderate level of leverage compared to its equity.

Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.03 and traded as high as $22.68. Mitsubishi Estate shares last traded at $22.12, with a volume of 28,020 shares traded.

Mitsubishi Estate Trading Up 1.1%

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 business has a 50-day simple moving average of $22.03 and a two-hundred day simple moving average of $19.41. The stock has a market cap of $27.67 billion, a price-to-earnings ratio of 21.27 and a beta of 0.21.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.70 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.110-1.110 EPS.

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.

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