Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY – Get Rating)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.60 and traded as low as $14.09. Mitsubishi Estate shares last traded at $14.23, with a volume of 50,645 shares changing hands.
Several brokerages have recently commented on MITEY. CLSA cut shares of Mitsubishi Estate from a “buy” rating to an “underperform” rating in a research report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Mitsubishi Estate from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Saturday, April 2nd.
The company has a current ratio of 1.78, a quick ratio of 1.25 and a debt-to-equity ratio of 1.28. The company’s 50-day simple moving average is $14.81 and its 200-day simple moving average is $14.60. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 14.52 and a beta of 0.54.
Mitsubishi Estate Co, Ltd. engages in the real estate activities in Japan and internationally. The company is involved in the development, leasing, property management, and sale of office buildings; planning, development, and tenant leasing of retail facilities/outlets; investment, development, operational management, and asset management of logistics facilities; operation of 16 hotels under the Royal Park Hotels brand in Japan and the Marunouchi Hotel in the Marunouchi area; and operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.
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