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Mitsubishi Estate (OTCMKTS:MITEY) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Mitsubishi Estate logo with Finance background

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.03 and traded as low as $14.30. Mitsubishi Estate shares last traded at $14.65, with a volume of 217,033 shares traded.

Mitsubishi Estate Trading Down 0.9 %

The business has a 50 day simple moving average of $13.94 and a 200-day simple moving average of $15.00. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 15.78 and a beta of 0.47.

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 net margin of 11.39% and a return on equity of 5.27%.

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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