Mitsubishi Electric (MIELF) Projected to Post Quarterly Earnings on Tuesday

Mitsubishi Electric (OTCMKTS:MIELF) is expected to be announcing its resultson Tuesday, April 28th. Analysts expect the company to announce earnings of $0.2064 per share and revenue of $10.0714 billion for the quarter.

Mitsubishi Electric Trading Up 4.2%

Shares of MIELF opened at $39.28 on Friday. The company has a 50-day moving average of $35.70 and a two-hundred day moving average of $31.91. The stock has a market cap of $84.34 billion, a P/E ratio of 41.79 and a beta of 0.63. Mitsubishi Electric has a 12-month low of $18.35 and a 12-month high of $39.57.

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.