Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $35.19, but opened at $37.5169. Mitsubishi Electric shares last traded at $37.5169, with a volume of 116,491 shares traded.
Mitsubishi Electric Price Performance
The stock’s 50-day moving average is $38.54 and its 200 day moving average is $35.00. The company has a market cap of $80.56 billion, a PE ratio of 39.91 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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