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

by · The Markets Daily

Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $24.08, but opened at $23.06. Mitsubishi Estate shares last traded at $24.58, with a volume of 2,657 shares changing hands.

Mitsubishi Estate Price Performance

The business’s 50 day simple moving average is $22.16 and its 200-day simple moving average is $20.82. The stock has a market capitalization of $29.55 billion, a price-to-earnings ratio of 23.12 and a beta of 0.09. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.69 and a current ratio of 2.33.

Mitsubishi Estate (OTCMKTS:MITEY – Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.74 billion. Mitsubishi Estate had a return on equity of 5.50% and a net margin of 11.67%.Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

About Mitsubishi Estate

(Get Free Report)

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.

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