Mitsubishi Estate (OTCMKTS:MITEY) Shares Pass Below 200-Day Moving Average – What’s Next?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEYGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.66 and traded as low as $14.91. Mitsubishi Estate shares last traded at $14.95, with a volume of 57,981 shares.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on Mitsubishi Estate

Mitsubishi Estate Stock Down 0.7 %

The firm has a market cap of $19.01 billion, a P/E ratio of 16.25 and a beta of 0.47. The business’s 50 day moving average is $16.19 and its two-hundred day moving average is $16.66.

Mitsubishi Estate (OTCMKTS:MITEYGet Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $2.11 billion for the quarter. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.38%.

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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