Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) saw an uptick in trading volume on Monday. Approximately 40,497 shares traded hands during mid-day trading, an increase of 255% from the previous session’s volume of 11,401 shares. The stock last traded at $32.9660 and had previously closed at $31.78.
Mitsubishi Electric Stock Up 3.7%
The company’s fifty day simple moving average is $33.96 and its 200 day simple moving average is $36.00. The firm has a market capitalization of $70.63 billion, a PE ratio of 34.99 and a beta of 0.63.
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 technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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