Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) rose 8% during trading on Monday . The stock traded as high as $35.36 and last traded at $35.36. 540 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 14,213 shares. The stock had previously closed at $32.74.
Mitsubishi Electric Stock Performance
The firm has a market cap of $72.15 billion, a P/E ratio of 35.75 and a beta of 0.63. The firm’s fifty day simple moving average is $37.42 and its 200 day simple moving average is $36.10.
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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