Mitsubishi Electric (OTCMKTS:MIELY) Sets New 52-Week High – Should You Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELYGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $58.00 and last traded at $57.53, with a volume of 7259 shares. The stock had previously closed at $55.7150.

Mitsubishi Electric Stock Performance

The stock has a market cap of $60.75 billion, a P/E ratio of 54.25 and a beta of 0.57. The firm has a 50 day moving average of $53.79 and a two-hundred day moving average of $48.34.

About Mitsubishi Electric

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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.

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