Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.94 and traded as high as $25.55. Mitsubishi Estate shares last traded at $24.57, with a volume of 39,352 shares changing hands.

Mitsubishi Estate Stock Performance

The company has a current ratio of 2.09, a quick ratio of 1.45 and a debt-to-equity ratio of 1.27. The firm’s fifty day moving average price is $23.94 and its two-hundred day moving average price is $22.12. The stock has a market capitalization of $29.91 billion, a PE ratio of 23.40 and a beta of 0.11.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates 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.