Mitsubishi Estate (OTCMKTS:MITEY) Shares Cross Below Two Hundred 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 $14.88 and traded as low as $14.27. Mitsubishi Estate shares last traded at $14.31, with a volume of 121,759 shares trading hands.

Mitsubishi Estate Stock Down 0.1 %

The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 13.89 and a beta of 0.47. The company has a 50-day moving average price of $14.02 and a 200-day moving average price of $14.88.

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

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.