Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $33.6040, but opened at $36.0460. Mitsubishi Electric shares last traded at $36.0460, with a volume of 914 shares.
Mitsubishi Electric Stock Performance
The firm has a market cap of $73.43 billion, a PE ratio of 36.38 and a beta of 0.63. The company’s 50-day simple moving average is $37.06 and its two-hundred day simple moving average is $36.19.
About Mitsubishi Electric
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.
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