Mitsubishi Estate (OTCMKTS:MITEY) Stock Crosses Below 200 Day Moving Average of $16.90

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.90 and traded as low as $15.56. Mitsubishi Estate shares last traded at $16.01, with a volume of 59,554 shares traded.

Wall Street Analysts Forecast Growth

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

Mitsubishi Estate Stock Performance

The stock’s 50-day moving average price is $16.22 and its 200 day moving average price is $16.90. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.10 and a quick ratio of 1.46. The firm has a market cap of $20.35 billion, a P/E ratio of 17.79 and a beta of 0.48.

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