Mitsubishi Estate (OTCMKTS:MITEY) Share Price Passes Below 200-Day Moving Average of $16.87

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.87 and traded as low as $16.06. Mitsubishi Estate shares last traded at $16.30, with a volume of 35,367 shares trading hands.

Wall Street Analysts Forecast Growth

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

Mitsubishi Estate Stock Down 0.6 %

The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.46 and a current ratio of 2.10. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 18.00 and a beta of 0.48. The business’s 50 day moving average price is $16.33 and its 200 day moving average price is $16.88.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its quarterly earnings results 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

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.