Shares of Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.66 and traded as low as $14.91. Mitsubishi Estate shares last traded at $14.95, with a volume of 57,981 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Citigroup upgraded Mitsubishi Estate to a "strong-buy" rating in a report on Friday, August 16th.
Check Out Our Latest Stock Analysis on MITEY
Mitsubishi Estate Stock Performance
The business's 50 day moving average price is $16.16 and its 200-day moving average price is $16.63. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 16.25 and a beta of 0.47.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. The company had revenue of $2.11 billion for the quarter. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.38%.
Mitsubishi Estate Company Profile
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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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