Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $34.22, but opened at $31.3720. Mitsubishi Electric shares last traded at $34.17, with a volume of 942 shares changing hands.
Mitsubishi Electric Stock Performance
The company has a market capitalization of $72.47 billion, a price-to-earnings ratio of 35.90 and a beta of 0.63. The firm has a fifty day moving average price of $34.81 and a 200-day moving average price of $36.23.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.
Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.
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