Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $34.50, but opened at $30.7080. Mitsubishi Electric shares last traded at $30.7080, with a volume of 225 shares.
Mitsubishi Electric Trading Down 11.0%
The firm has a 50-day moving average of $36.96 and a 200-day moving average of $36.21. The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 32.67 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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