Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.96 and traded as low as $14.26. Mitsubishi Estate shares last traded at $14.53, with a volume of 34,102 shares traded.

Mitsubishi Estate Trading Up 0.3 %

The firm has a market capitalization of $18.17 billion, a price-to-earnings ratio of 15.62 and a beta of 0.47. The stock has a fifty day moving average of $13.96 and a 200-day moving average of $14.93.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.28 earnings per share for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 11.39%.

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.