Mitsubishi Estate (OTCMKTS:MITEY) Sees Large Volume Increase – What’s Next?

Mitsubishi Estate Co. (OTCMKTS:MITEY) shares saw unusually-strong trading volume on Thursday . Approximately 489,292 shares traded hands during trading, an increase of 832% from the previous session’s volume of 52,504 shares.The stock last traded at $24.37 and had previously closed at $24.74.

Mitsubishi Estate Stock Up 0.4%

The stock’s fifty day simple moving average is $22.39 and its two-hundred day simple moving average is $21.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.09 and a quick ratio of 1.45. The company has a market capitalization of $29.57 billion, a price-to-earnings ratio of 23.14 and a beta of 0.09.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate 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.