Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Up – What’s Next?

Mitsubishi Estate Co. (OTCMKTS:MITEY) gapped up prior to trading on Friday . The stock had previously closed at $24.50, but opened at $25.49. Mitsubishi Estate shares last traded at $24.54, with a volume of 52 shares changing hands.

Mitsubishi Estate Stock Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45. The company has a market capitalization of $29.98 billion, a PE ratio of 23.46 and a beta of 0.09. The firm’s fifty day simple moving average is $22.74 and its 200 day simple moving average is $21.33.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.