Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) were down 7.4% during trading on Thursday . The stock traded as low as $35.4240 and last traded at $35.4240. Approximately 418 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 12,692 shares. The stock had previously closed at $38.2620.
Mitsubishi Electric Stock Up 2.1%
The company has a market capitalization of $78.01 billion, a PE ratio of 38.65 and a beta of 0.63. The company’s 50 day moving average is $38.25 and its two-hundred day moving average is $34.69.
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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