Shares of Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.96 and traded as low as $14.89. Mitsubishi Estate shares last traded at $14.96, with a volume of 68,288 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup raised Mitsubishi Estate to a "strong-buy" rating in a research report on Friday, August 16th.
Check Out Our Latest Report on MITEY
Mitsubishi Estate Trading Up 0.7 %
The stock has a market capitalization of $19.15 billion, a PE ratio of 20.78 and a beta of 0.48. The stock has a 50 day moving average price of $15.96 and a 200-day moving average price of $16.43.
Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.38%. The firm had revenue of $2.11 billion for the quarter.
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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