Mitsubishi Electric (OTCMKTS:MIELF) Shares Gap Down – Should You Sell?

Mitsubishi Electric Co. (OTCMKTS:MIELFGet Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $20.53, but opened at $18.65. Mitsubishi Electric shares last traded at $18.65, with a volume of 200 shares traded.

Mitsubishi Electric Stock Performance

The stock has a 50-day moving average price of $19.94 and a two-hundred day moving average price of $18.15. The stock has a market capitalization of $40.05 billion, a PE ratio of 19.84 and a beta of 0.63.

About Mitsubishi Electric

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Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through five segments: Infrastructure, Industry Mobility, Life, Business Platform, and Other Businesses. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, large display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.

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