Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Up – Time to Buy?
by Kim Johansen · The Markets DailyShares of Mitsubishi Estate Co. (OTCMKTS:MITEY – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $21.43, but opened at $23.19. Mitsubishi Estate shares last traded at $23.19, with a volume of 4 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group cut shares of Mitsubishi Estate from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Get Our Latest Stock Report on MITEY
Mitsubishi Estate Stock Performance
The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 15.38 and a beta of 0.14. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 1.19. The stock has a fifty day moving average price of $23.05 and a 200-day moving average price of $25.19.
Mitsubishi Estate Company Profile
Mitsubishi Estate Co, Ltd. is a Japan-based real estate company engaged in the development, ownership, leasing and management of commercial, residential and mixed-use properties. Its portfolio includes office buildings, retail facilities, hotels, logistics properties and residential developments, as well as related real estate services.
The company is closely associated with the development and management of the Marunouchi and Otemachi districts in central Tokyo, where it operates a large concentration of office, retail, dining and cultural facilities.