Mitsubishi Estate (OTCMKTS:MITEY) Sets New 12-Month High – Here’s What Happened

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEY) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.80 and last traded at $18.33, with a volume of 45539 shares trading hands. The stock had previously closed at $17.91.

Mitsubishi Estate Price Performance

The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 17.80 and a beta of 0.20. The stock has a 50-day moving average price of $17.05 and a 200-day moving average price of $15.17.

Mitsubishi Estate (OTCMKTS:MITEY) last released its quarterly earnings results on Monday, May 12th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.10). The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.58 billion. 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.