Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) were up 7.4% during trading on Thursday. The stock traded as high as $32.7820 and last traded at $32.7820. 4,797 shares were traded during mid-day trading, a decline of 58% from the average session volume of 11,406 shares. The stock had previously closed at $30.52.
Mitsubishi Electric Stock Performance
The firm has a market capitalization of $70.39 billion, a PE ratio of 34.87 and a beta of 0.63. The company’s fifty day moving average price is $34.22 and its two-hundred day moving average price is $36.00.
Mitsubishi Electric Company Profile
Mitsubishi Electric Corporation is a Japanese technology and manufacturing company that develops and supplies electrical and electronic equipment for industrial, commercial and consumer applications. Founded in 1921, the company is part of the broader Mitsubishi group and serves customers in Japan and international markets.
Its business activities include factory automation and industrial control systems, power-generation and transmission equipment, transportation systems, elevators and escalators, building-management systems, and information and communications equipment.
Read More
- Five stocks we like better than Mitsubishi Electric
- Enovix’s 100,000-Battery Drone Order Sets Up a Test of Its Production Plans
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
Receive News & Ratings for Mitsubishi Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Electric and related companies with MarketBeat.com's FREE daily email newsletter.
