Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $33.00, but opened at $36.0220. Mitsubishi Electric shares last traded at $36.0220, with a volume of 620,620 shares trading hands.
Mitsubishi Electric Trading Up 10.0%
The stock has a 50 day simple moving average of $33.80 and a 200 day simple moving average of $29.36. The stock has a market cap of $77.94 billion, a P/E ratio of 38.62 and a beta of 0.63.
Mitsubishi Electric Company Profile
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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