Mitsubishi Electric (OTCMKTS:MIELY) Sets New 1-Year High – What’s Next?

Mitsubishi Electric Co. (OTCMKTS:MIELY) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $76.35 and last traded at $74.92, with a volume of 9629 shares changing hands. The stock had previously closed at $73.44.

Mitsubishi Electric Price Performance

The business’s 50-day moving average price is $62.07 and its two-hundred day moving average price is $55.24. The firm has a market cap of $79.53 billion, a price-to-earnings ratio of 71.01 and a beta of 0.55.

About Mitsubishi Electric

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.