Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares fell 9.7% during trading on Friday . The company traded as low as $33.04 and last traded at $33.04. 23,891 shares traded hands during trading, an increase of 15% from the average session volume of 20,739 shares. The stock had previously closed at $36.5940.
Mitsubishi Electric Stock Down 6.5%
The company has a market capitalization of $73.49 billion, a price-to-earnings ratio of 36.41 and a beta of 0.63. The business has a fifty day simple moving average of $34.14 and a two-hundred day simple moving average of $29.56.
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.
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