Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price dropped 9.6% on Friday . The company traded as low as $38.22 and last traded at $38.22. Approximately 458 shares changed hands during trading, a decline of 97% from the average daily volume of 14,064 shares. The stock had previously closed at $42.2780.
Mitsubishi Electric Trading Down 9.6%
The company’s 50-day moving average is $36.55 and its 200-day moving average is $33.17. The firm has a market cap of $82.07 billion, a price-to-earnings ratio of 40.66 and a beta of 0.63.
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.
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