Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares traded down 7.4% during mid-day trading on Thursday . The stock traded as low as $35.4240 and last traded at $35.4240. 418 shares were traded during trading, a decline of 97% from the average session volume of 12,692 shares. The stock had previously closed at $38.2620.
Mitsubishi Electric Price Performance
The stock’s 50 day moving average is $38.15 and its two-hundred day moving average is $34.62. The stock has a market capitalization of $68.37 billion, a PE ratio of 33.87 and a beta of 0.63.
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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