Mitsubishi Electric (OTCMKTS:MIELY) Sees Unusually-High Trading Volume – Here’s Why

Mitsubishi Electric Co. (OTCMKTS:MIELY) shares saw unusually-high trading volume on Friday . Approximately 101,021 shares traded hands during mid-day trading, a decline of 2% from the previous session’s volume of 103,130 shares.The stock last traded at $55.05 and had previously closed at $55.6750.

Wall Street Analysts Forecast Growth

Separately, CLSA raised Mitsubishi Electric to a “hold” rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Mitsubishi Electric presently has an average rating of “Hold”.

Mitsubishi Electric Stock Performance

The firm has a fifty day moving average of $51.89 and a 200-day moving average of $45.92. The stock has a market capitalization of $58.71 billion, a price-to-earnings ratio of 52.42 and a beta of 0.53.

About Mitsubishi Electric

Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.