Mitsubishi Estate (OTCMKTS:MITEY) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.21 and traded as low as $13.35. Mitsubishi Estate shares last traded at $13.91, with a volume of 162,543 shares.

Mitsubishi Estate Stock Up 1.9 %

The stock has a fifty day moving average of $13.75 and a two-hundred day moving average of $15.21. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 14.96 and a beta of 0.47.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Thursday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 11.39%. The business had revenue of $2.10 billion during the quarter.

About Mitsubishi Estate

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.