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Mitsubishi Estate (OTCMKTS:MITEY) Shares Cross Below 50-Day Moving Average - What's Next?

Mitsubishi Estate logo with Finance background

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

(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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