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Mitsubishi Estate (OTCMKTS:MITEY) Share Price Crosses Above 50-Day Moving Average - Here's Why

Mitsubishi Estate logo with Finance background

Shares of Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.72 and traded as high as $18.56. Mitsubishi Estate shares last traded at $18.35, with a volume of 76,357 shares traded.

Mitsubishi Estate Stock Up 3.8 %

The company's fifty day moving average price is $15.72 and its two-hundred day moving average price is $14.78. The firm has a market cap of $22.95 billion, a PE ratio of 17.82 and a beta of 0.27.

Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $0.28 earnings per share (EPS) for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.

About Mitsubishi Estate

(Get Free Report)

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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