Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) saw strong trading volume on Thursday. 16,459 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 11,368 shares. The stock last traded at $29.5760 and had previously closed at $30.0350.
Mitsubishi Electric Stock Down 6.5%
The stock has a fifty day moving average of $32.32 and a two-hundred day moving average of $35.38. The stock has a market cap of $62.18 billion, a price-to-earnings ratio of 30.81 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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