Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price gapped up prior to trading on Thursday. The stock had previously closed at $30.55, but opened at $32.1020. Mitsubishi Electric shares last traded at $30.7350, with a volume of 2,773 shares trading hands.
Mitsubishi Electric Stock Down 0.6%
The company has a market cap of $65.19 billion, a price-to-earnings ratio of 32.30 and a beta of 0.63. The company’s fifty day moving average price is $33.62 and its two-hundred day moving average price is $35.95.
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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