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

Mitsubishi Estate Co. (OTCMKTS:MITEY) shares gapped up before the market opened on Friday . The stock had previously closed at $24.50, but opened at $25.49. Mitsubishi Estate shares last traded at $24.54, with a volume of 52 shares changing hands.

Mitsubishi Estate Trading Up 2.5%

The stock’s 50 day simple moving average is $22.70 and its two-hundred day simple moving average is $21.27. The stock has a market capitalization of $30.57 billion, a PE ratio of 23.92 and a beta of 0.09. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45.

Mitsubishi Estate (OTCMKTS:MITEY) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. The firm 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. (OTCMKTS: MITEY) is one of Japan’s largest real estate developers and a core company within the Mitsubishi corporate group. Headquartered in Tokyo, the firm is best known for large-scale urban development and property leasing, including landmark office districts and mixed-use complexes in central Tokyo. Its businesses span the full real estate value chain, from land acquisition and project development to leasing, sales, property and facility management, and real estate investment management.

The company’s commercial activities cover office buildings, retail and commercial facilities, residential housing, hotels and resorts, and logistics properties.