Mitsubishi Estate (OTCMKTS:MITEY) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.34 and traded as high as $18.87. Mitsubishi Estate shares last traded at $18.22, with a volume of 22,479 shares changing hands.

Analyst Ratings Changes

Separately, CLSA raised shares of Mitsubishi Estate to a “strong-buy” rating in a research report on Tuesday, May 27th.

Mitsubishi Estate Stock Up 1.4%

The firm has a market cap of $22.79 billion, a P/E ratio of 18.40 and a beta of 0.22. The business’s 50 day moving average is $18.34 and its two-hundred day moving average is $16.40.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.10). Mitsubishi Estate had a return on equity of 6.14% and a net margin of 11.99%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.58 billion.

Mitsubishi Estate Company Profile

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.