Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $33.2920 and last traded at $33.2920, with a volume of 297 shares changing hands. The stock had previously closed at $32.00.
Mitsubishi Electric Stock Up 4.0%
The business’s 50 day simple moving average is $29.82 and its two-hundred day simple moving average is $26.91. The stock has a market cap of $71.48 billion, a P/E ratio of 35.42 and a beta of 0.63.
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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