Mitsubishi Estate (OTCMKTS:MITEY) Stock Passes Below 50-Day Moving Average – Time to Sell?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $15.96 and traded as low as $14.89. Mitsubishi Estate shares last traded at $14.96, with a volume of 68,288 shares.

Wall Street Analyst Weigh In

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

Mitsubishi Estate Stock Up 1.1 %

The business has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $16.43. The stock has a market cap of $19.02 billion, a P/E ratio of 16.26 and a beta of 0.48.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $2.11 billion during the quarter. Mitsubishi Estate had a net margin of 11.38% and a return on equity of 5.47%.

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.