Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $26.12 and traded as high as $27.53. Mitsubishi Estate shares last traded at $26.30, with a volume of 37,694 shares traded.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group lowered Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, Mitsubishi Estate presently has an average rating of “Hold”.
View Our Latest Analysis on Mitsubishi Estate
Mitsubishi Estate Price Performance
The firm’s 50-day moving average is $23.34 and its two-hundred day moving average is $26.12. The company has a market cap of $31.85 billion, a P/E ratio of 17.42 and a beta of 0.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.89 and a quick ratio of 1.35.
About Mitsubishi Estate
Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial and residential properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related property management and facility services.
The company is closely associated with the Marunouchi district in central Tokyo, where it has played a major role in the long-term redevelopment of office, retail, cultural and public spaces.
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