Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $29.2040, but opened at $31.9460. Mitsubishi Electric shares last traded at $31.9460, with a volume of 365 shares changing hands.
Mitsubishi Electric Stock Performance
The company has a 50-day moving average of $32.59 and a 200 day moving average of $35.41. The firm has a market cap of $61.84 billion, a P/E ratio of 30.64 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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