Shares of Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $62.4099 and last traded at $60.82, with a volume of 5252 shares changing hands. The stock had previously closed at $60.75.
Mitsubishi Electric Stock Up 0.6%
The firm’s 50-day moving average price is $57.33 and its two-hundred day moving average price is $51.43. The firm has a market capitalization of $64.60 billion, a PE ratio of 57.68 and a beta of 0.54.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation (OTCMKTS: MIELY) is a Tokyo-based multinational manufacturer of electrical and electronic equipment. Founded in 1921, the company is part of the broader Mitsubishi Group and has grown into a diversified industrial enterprise serving commercial, industrial and consumer markets. Mitsubishi Electric develops, manufactures and sells a wide range of products and systems used in building systems, factory automation, power generation and distribution, transportation, and information and communication infrastructure.
The company’s product and service portfolio includes air-conditioning and heating systems, elevators and escalators, factory automation and control equipment, power and electric systems, transportation systems and signaling for railways, and semiconductors and electronic devices.
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