Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $34.6660, but opened at $36.27. Mitsubishi Electric shares last traded at $36.27, with a volume of 27,302 shares traded.
Mitsubishi Electric Trading Down 5.4%
The company has a market capitalization of $72.27 billion, a P/E ratio of 35.81 and a beta of 0.63. The business’s fifty day moving average price is $38.19 and its 200-day moving average price is $34.68.
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.
Featured Articles
- Five stocks we like better than Mitsubishi Electric
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
- ERock IPO: A $1.3B Power Play Solution
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.
