Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Down – Here’s What Happened

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $30.6580, but opened at $29.4040. Mitsubishi Electric shares last traded at $29.4040, with a volume of 847 shares traded.

Mitsubishi Electric Stock Performance

The business has a fifty day moving average price of $31.80 and a 200 day moving average price of $35.32. The company has a market capitalization of $63.61 billion, a PE ratio of 31.52 and a beta of 0.63.

About Mitsubishi Electric

Mitsubishi Electric Corporation is a Japan-based manufacturer of electrical and electronic equipment. Founded in 1921, the company is headquartered in Tokyo and serves customers in Japan and markets around the world. Its businesses include factory automation and industrial systems, power and transportation infrastructure, elevators and escalators, and heating, ventilation and air-conditioning equipment. The company also makes automotive equipment, electronic components and semiconductor devices, and products for information and communications systems.