Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY – Get Rating)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.57 and traded as low as $14.14. Mitsubishi Estate shares last traded at $14.14, with a volume of 38,589 shares traded.
Wall Street Analyst Weigh In
Separately, Mizuho upgraded Mitsubishi Estate from a "neutral" rating to a "buy" rating in a research report on Thursday, June 9th.
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The company has a market capitalization of $19.68 billion, a PE ratio of 12.30 and a beta of 0.50. The company has a quick ratio of 1.60, a current ratio of 2.15 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average of $14.41 and a two-hundred day moving average of $14.57.
Mitsubishi Estate (OTCMKTS:MITEY – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.41 EPS for the quarter. Mitsubishi Estate had a return on equity of 7.60% and a net margin of 13.27%. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $4.12 billion. Equities research analysts predict that Mitsubishi Estate Co., Ltd. will post 1.07 earnings per share for the current fiscal year.Mitsubishi Estate Company Profile
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Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities/outlets; investment, development, operational management, and asset management of logistics facilities; operation of 16 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.
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