Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 1-Year High – Time to Buy?

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF) reached a new 52-week high during trading on Tuesday . The company traded as high as $31.33 and last traded at $31.33, with a volume of 3460 shares. The stock had previously closed at $30.44.

Mitsubishi Electric Stock Up 1.4%

The stock has a fifty day moving average of $29.18 and a two-hundred day moving average of $26.26. The stock has a market cap of $70.47 billion, a price-to-earnings ratio of 34.91 and a beta of 0.63.

Mitsubishi Electric Company Profile

Mitsubishi Electric Corporation (trading OTC as MIELF) is a diversified Japanese multinational manufacturer of electrical and electronic equipment. Established in 1921 as part of the broader Mitsubishi group, the company is headquartered in Tokyo and has grown into a global supplier of products and systems for industrial, commercial, infrastructure and consumer markets.

The company’s operations span a wide range of businesses including power and energy systems, factory automation and industrial machinery, building systems such as elevators and escalators, heating, ventilation and air-conditioning (HVAC) equipment, transportation systems including railway and traffic control solutions, and space and defense-related products.