Mitsubishi Electric (OTCMKTS:MIELY) Sets New 1-Year High – Here’s What Happened

Mitsubishi Electric Co. (OTCMKTS:MIELY) hit a new 52-week high on Tuesday . The stock traded as high as $67.49 and last traded at $67.43, with a volume of 24051 shares traded. The stock had previously closed at $63.03.

Mitsubishi Electric Price Performance

The company’s 50 day simple moving average is $60.87 and its 200 day simple moving average is $54.45. The company has a market capitalization of $71.85 billion, a PE ratio of 64.15 and a beta of 0.55.

About Mitsubishi Electric

Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.

The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.