Mitsubishi Estate (OTCMKTS:MITEY) Sets New 52-Week High - Still a Buy?

Mitsubishi Estate Co. (OTCMKTS:MITEY - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.47 and last traded at $24.95, with a volume of 4173 shares. The stock had previously closed at $24.44.Get Mitsubishi Estate alerts:Mitsubishi Estate Price PerformanceThe stock's 50-day moving average price is $22.60 and its 200 day moving average price is $21.23. The company has a quick ratio of 1.45, a current ratio of 2.09 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $29.77 billion, a price-to-earnings ratio of 23.30 and a beta of 0.09. Mitsubishi Estate (OTCMKTS:MITEY - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14). The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.74 billion. Mitsubishi Estate had a net margin of 11.67% and a return on equity of 5.47%. Mitsubishi Estate has set its FY 2025 guidance at 1.090-1.090 EPS. Mitsubishi Estate Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Mitsubishi EstateThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Mitsubishi Estate Right Now?Before you consider Mitsubishi Estate, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mitsubishi Estate wasn't on the list.While Mitsubishi Estate currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here