Mitsubishi Estate (OTCMKTS:MITEY) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.79 and traded as low as $14.68. Mitsubishi Estate shares last traded at $14.75, with a volume of 56,964 shares traded.

Mitsubishi Estate Price Performance

The company has a market capitalization of $18.49 billion, a PE ratio of 14.35 and a beta of 0.41. The business has a 50-day moving average of $14.27 and a 200 day moving average of $14.78.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its earnings results on Friday, February 7th. The company reported $0.28 EPS for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 12.13%.

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.