Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Passes Below Two Hundred Day Moving Average of $16.80

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.80 and traded as low as $15.80. Mitsubishi Estate shares last traded at $16.54, with a volume of 29,979 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup raised Mitsubishi Estate to a “strong-buy” rating in a research note on Friday, August 16th.

Mitsubishi Estate Stock Down 0.1 %

The firm has a market capitalization of $21.03 billion, a PE ratio of 18.38 and a beta of 0.47. The firm’s 50-day moving average is $16.26 and its 200 day moving average is $16.80. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.46 and a current ratio of 2.10.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter. Mitsubishi Estate had a net margin of 11.38% and a return on equity of 5.47%. The business had revenue of $2.11 billion for the quarter.

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.