Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Down – Should You Sell?

Mitsubishi Estate Co. (OTCMKTS:MITEY) shares 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 trading hands.

Mitsubishi Estate Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.69 and a current ratio of 2.09. The company’s fifty day moving average price is $22.26 and its 200 day moving average price is $20.89. The firm has a market capitalization of $29.92 billion, a price-to-earnings ratio of 23.41 and a beta of 0.09.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.67%.Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

About Mitsubishi Estate

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.