Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Up – Should You Buy?

Mitsubishi Electric Co. (OTCMKTS:MIELF) gapped up prior to trading on Monday . The stock had previously closed at $36.50, but opened at $38.60. Mitsubishi Electric shares last traded at $38.60, with a volume of 215 shares changing hands.

Mitsubishi Electric Stock Performance

The firm has a market capitalization of $82.88 billion, a P/E ratio of 41.06 and a beta of 0.63. The firm has a 50 day moving average price of $32.73 and a two-hundred day moving average price of $28.74.

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.