Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Down – Should You Sell?

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $22.36, but opened at $21.25. Mitsubishi Estate shares last traded at $20.90, with a volume of 10,134 shares.

Mitsubishi Estate Stock Down 6.6%

The company has a quick ratio of 1.69, a current ratio of 2.33 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 20.09 and a beta of 0.20. The business’s 50-day moving average is $22.16 and its 200-day moving average is $20.06.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.70 billion. Mitsubishi Estate had a return on equity of 5.65% and a net margin of 12.09%.

About Mitsubishi Estate

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.