Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 12-Month High – Here’s Why

Mitsubishi Electric Co. (OTCMKTS:MIELF) shares hit a new 52-week high on Wednesday . The company traded as high as $38.65 and last traded at $38.65, with a volume of 150 shares trading hands. The stock had previously closed at $35.43.

Mitsubishi Electric Stock Performance

The firm has a market capitalization of $80.63 billion, a price-to-earnings ratio of 39.95 and a beta of 0.63. The business has a fifty day moving average price of $31.85 and a 200 day moving average price of $28.07.

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.