Mitsubishi Estate (OTCMKTS:MITEY) Shares Pass Below 200-Day Moving Average – Here’s Why

Mitsubishi Estate Co., Ltd. (OTCMKTS:MITEYGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.38 and traded as low as $13.79. Mitsubishi Estate shares last traded at $13.81, with a volume of 66,215 shares trading hands.

Mitsubishi Estate Stock Down 0.7 %

The company’s 50 day moving average is $14.05 and its 200 day moving average is $15.38. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 14.85 and a beta of 0.47.

About Mitsubishi Estate

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Mitsubishi Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Estate and related companies with MarketBeat.com's FREE daily email newsletter.