Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $28.6980, but opened at $30.6280. Mitsubishi Electric shares last traded at $30.6280, with a volume of 992 shares.
Mitsubishi Electric Trading Up 8.5%
The stock has a market capitalization of $66.84 billion, a P/E ratio of 33.12 and a beta of 0.63. The company’s 50-day moving average is $32.09 and its two-hundred day moving average is $35.34.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japan-based manufacturer of electrical and electronic equipment. Founded in 1921, the company is headquartered in Tokyo and serves customers in Japan and markets around the world.
Its businesses include factory automation and industrial systems, power and transportation infrastructure, elevators and escalators, and heating, ventilation and air-conditioning equipment. The company also makes automotive equipment, electronic components and semiconductor devices, and products for information and communications systems.
Mitsubishi Electric supplies equipment and services to industrial, commercial and public-sector customers, with offerings that range from individual components to integrated systems.
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