Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Down – What’s Next?

Mitsubishi Estate Co. (OTCMKTS:MITEY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $21.29, but opened at $20.71. Mitsubishi Estate shares last traded at $21.48, with a volume of 137 shares.

Wall Street Analyst Weigh In

Separately, CLSA upgraded shares of Mitsubishi Estate to a “strong-buy” rating in a research report on Tuesday, May 27th.

Mitsubishi Estate Stock Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33. The stock has a market cap of $26.84 billion, a P/E ratio of 20.63 and a beta of 0.23. The business’s 50-day moving average price is $19.07 and its 200-day moving average price is $17.28.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Mitsubishi Estate had a return on equity of 5.48% and a net margin of 12.09%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.70 billion.

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.