Mitsubishi Estate (OTCMKTS:MITEY) Shares Pass Above 50-Day Moving Average – Here’s Why

Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $24.39 and traded as high as $25.98. Mitsubishi Estate shares last traded at $24.84, with a volume of 30,647 shares trading hands.

Mitsubishi Estate Trading Down 1.4%

The stock has a fifty day moving average price of $24.39 and a 200 day moving average price of $22.37. The stock has a market cap of $30.24 billion, a PE ratio of 23.66 and a beta of 0.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.45 and a current ratio of 2.09.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its quarterly earnings data 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 return on equity of 5.47% and a net margin of 11.67%.The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations 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.