Mitsubishi Estate (OTCMKTS:MITEY) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.03 and traded as low as $14.30. Mitsubishi Estate shares last traded at $14.65, with a volume of 217,033 shares trading hands.

Mitsubishi Estate Price Performance

The firm has a fifty day moving average of $13.89 and a two-hundred day moving average of $15.03. The stock has a market capitalization of $18.32 billion, a P/E ratio of 15.75 and a beta of 0.47.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.07 EPS for the quarter. The business had revenue of $2.10 billion during the quarter. Mitsubishi Estate had a net margin of 11.39% and a return on equity of 5.27%.

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.