Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Passes Below Two Hundred Day Moving Average of $14.60

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEYGet 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 Company Profile (OTCMKTS:MITEY)

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.

See Also

Receive News & Ratings for Mitsubishi Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Estate and related companies with MarketBeat.com's FREE daily email newsletter.