Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.39 and traded as high as $25.98. Mitsubishi Estate shares last traded at $24.84, with a volume of 30,647 shares traded.

Mitsubishi Estate Price Performance

The firm has a market cap of $30.24 billion, a PE ratio of 23.66 and a beta of 0.11. The firm has a fifty day simple moving average of $24.39 and a two-hundred day simple moving average of $22.37. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.45 and a current ratio of 2.09.

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 analysts’ consensus estimates of $0.18 by ($0.14). Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.74 billion. 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.