Mitsubishi Electric (OTCMKTS:MIELF) Shares Down 7.6% – Time to Sell?

Mitsubishi Electric Co. (OTCMKTS:MIELF)’s stock price fell 7.6% during mid-day trading on Wednesday . The stock traded as low as $34.70 and last traded at $34.70. 183 shares traded hands during trading, a decline of 89% from the average session volume of 1,613 shares. The stock had previously closed at $37.5535.

Mitsubishi Electric Price Performance

The firm has a market cap of $81.70 billion, a P/E ratio of 40.48 and a beta of 0.63. The company’s 50 day moving average is $32.30 and its two-hundred day moving average is $28.46.

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.