Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $32.00, but opened at $33.25. Mitsubishi Electric shares last traded at $33.25, with a volume of 3,445 shares traded.
Mitsubishi Electric Trading Up 4.0%
The stock has a market capitalization of $72.56 billion, a PE ratio of 35.95 and a beta of 0.63. The company’s 50-day moving average is $34.54 and its 200 day moving average is $36.16.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.
Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.
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