Mitsubishi Electric (OTCMKTS:MIELY) Reaches New 12-Month High – What’s Next?

Mitsubishi Electric Co. (OTCMKTS:MIELY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $66.5499 and last traded at $64.38, with a volume of 40184 shares traded. The stock had previously closed at $63.52.

Mitsubishi Electric Trading Up 1.4%

The company’s 50-day moving average is $57.87 and its 200 day moving average is $52.09. The firm has a market cap of $68.02 billion, a PE ratio of 60.74 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.