Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY – Get Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.56 and traded as low as $13.83. Mitsubishi Estate shares last traded at $13.89, with a volume of 36,819 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Mizuho upgraded Mitsubishi Estate from a "neutral" rating to a "buy" rating in a research note on Thursday, June 9th.
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The firm has a 50 day moving average of $14.33 and a two-hundred day moving average of $14.56. The stock has a market cap of $19.33 billion, a PE ratio of 12.08 and a beta of 0.50. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.15 and a quick ratio of 1.60.
Mitsubishi Estate (OTCMKTS:MITEY – Get Rating) last posted its earnings results on Friday, August 5th. The company reported $0.34 earnings per share for the quarter. The firm had revenue of $2.36 billion during the quarter. Mitsubishi Estate had a return on equity of 7.60% and a net margin of 13.27%. Research analysts predict that Mitsubishi Estate Co., Ltd. will post 1.07 EPS for the current fiscal year.About Mitsubishi Estate
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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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