Mitsubishi Electric Co. (OTCMKTS:MIELY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $61.87, but opened at $59.30. Mitsubishi Electric shares last traded at $58.99, with a volume of 1,163 shares traded.
Mitsubishi Electric Price Performance
The business’s fifty day simple moving average is $55.18 and its 200 day simple moving average is $49.51. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 55.20 and a beta of 0.57.
About Mitsubishi Electric
Mitsubishi Electric Corporation develops, manufactures, distributes, and sells electrical and electronic equipment worldwide. The company operates through: Infrastructure, Industry Mobility, Life, Business Platform, Semiconductor and Device, and Others segments. It offers turbine generators, nuclear power plant and power electronics equipment, motors, transformers, circuit breakers, gas insulated switchgears, switch controls, surveillance-system control and security systems, transmission and distribution ICT systems, display devices, locomotive and rolling stock electrical equipment, wireless and wired communications systems, network camera systems, elevators, escalators, building security and management systems, and others.
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