Mitsubishi Estate (OTCMKTS:MITEY) Shares Gap Up – Here’s What Happened

Mitsubishi Estate Co. (OTCMKTS:MITEY) gapped up before the market opened on Friday. The stock had previously closed at $24.94, but opened at $26.41. Mitsubishi Estate shares last traded at $26.00, with a volume of 154 shares traded.

Analyst Upgrades and Downgrades

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 data from MarketBeat, the company has an average rating of “Hold”.

Mitsubishi Estate Trading Up 0.9%

The business’s fifty day moving average is $23.51 and its 200-day moving average is $26.13. The stock has a market capitalization of $31.18 billion, a PE ratio of 16.61 and a beta of 0.16. The company has a quick ratio of 1.35, a current ratio of 1.89 and a debt-to-equity ratio of 1.19.

Mitsubishi Estate (OTCMKTS:MITEY) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02). The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.93 billion. Mitsubishi Estate had a return on equity of 6.65% and a net margin of 15.62%. Mitsubishi Estate has set its FY 2027 guidance at 1.285-1.285 EPS. As a group, analysts anticipate that Mitsubishi Estate Co. will post 1.25 EPS for the current fiscal year.

Mitsubishi Estate Company Profile

Mitsubishi Estate Co., Ltd. is a Japanese real estate company founded in 1937 and headquartered in Tokyo. It develops, owns, leases and manages a range of properties, including office buildings, residential properties, retail facilities, hotels and logistics facilities. The company is closely associated with the development and management of Tokyo’s Marunouchi district, near Tokyo Station. Its business also includes real estate services and asset management, serving corporate and individual customers.