Mitsubishi Estate (OTCMKTS:MITEY) Sees Strong Trading Volume – Still a Buy?

Mitsubishi Estate Co. (OTCMKTS:MITEY) saw unusually-strong trading volume on Thursday . Approximately 106,316 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 51,611 shares.The stock last traded at $22.14 and had previously closed at $21.31.

Mitsubishi Estate Trading Up 2.5%

The firm has a market capitalization of $27.17 billion, a P/E ratio of 20.69 and a beta of 0.20. The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $22.13 and a 200-day simple moving average of $20.15.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its quarterly earnings data 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). Mitsubishi Estate had a return on equity of 5.50% and a net margin of 11.67%.The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

Mitsubishi Estate Company Profile

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.