Shares of Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $24.28, but opened at $25.85. Mitsubishi Estate shares last traded at $26.2050, with a volume of 2 shares traded.
Mitsubishi Estate Stock Performance
The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 21.61 and a beta of 0.12. The stock has a 50-day moving average of $26.39 and a 200-day moving average of $27.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.39 and a current ratio of 1.97.
About Mitsubishi Estate
Mitsubishi Estate Co, Ltd. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.
The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.
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