Mitsubishi Estate (OTCMKTS:MITEY) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.96 and traded as low as $14.26. Mitsubishi Estate shares last traded at $14.53, with a volume of 34,102 shares changing hands.

Mitsubishi Estate Stock Performance

The firm has a 50 day simple moving average of $13.96 and a two-hundred day simple moving average of $14.93. The stock has a market cap of $18.17 billion, a P/E ratio of 15.62 and a beta of 0.47.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its earnings results on Friday, February 7th. The company reported $0.28 earnings per share for the quarter. Mitsubishi Estate had a return on equity of 5.27% and a net margin of 11.39%.

About Mitsubishi Estate

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.