Mitsubishi Estate (OTCMKTS:MITEY) Share Price Passes Above 50 Day Moving Average of $16.06

Shares of Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.06 and traded as high as $17.51. Mitsubishi Estate shares last traded at $17.03, with a volume of 17,174 shares changing hands.

Analyst Upgrades and Downgrades

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

Mitsubishi Estate Stock Performance

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 business has a 50 day moving average price of $16.06 and a two-hundred day moving average price of $16.68. The company has a market cap of $21.65 billion, a P/E ratio of 18.92 and a beta of 0.47.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter. Mitsubishi Estate had a return on equity of 5.36% and a net margin of 11.10%. The company had revenue of $2.11 billion for the quarter.

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.