Mitsubishi Estate (OTCMKTS:MITEY) Share Price Crosses Above Fifty Day Moving Average of $16.29

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.29 and traded as high as $16.50. Mitsubishi Estate shares last traded at $16.00, with a volume of 21,723 shares.

Analysts Set New Price Targets

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

Mitsubishi Estate Stock Up 0.8 %

The company has a current ratio of 2.10, a quick ratio of 1.46 and a debt-to-equity ratio of 1.28. The company has a market cap of $20.34 billion, a price-to-earnings ratio of 17.78 and a beta of 0.48. The firm’s fifty day simple moving average is $16.29 and its 200 day simple moving average is $16.91.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter. The business 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%.

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.