Mitsubishi Estate (OTCMKTS:MITEY) Reaches New 52-Week High – Should You Buy?

Mitsubishi Estate Co. (OTCMKTS:MITEY) hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.45 and last traded at $25.46, with a volume of 688 shares trading hands. The stock had previously closed at $24.70.

Mitsubishi Estate Stock Down 0.9%

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 $30.89 billion, a price-to-earnings ratio of 24.17 and a beta of 0.11. The firm’s 50-day simple moving average is $23.19 and its two-hundred day simple moving average is $21.67.

Mitsubishi Estate (OTCMKTS:MITEY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.14). The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Mitsubishi Estate had a return on equity of 5.47% and a net margin of 11.67%.Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS.

About Mitsubishi Estate

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.