Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $31.29, but opened at $36.1920. Mitsubishi Electric shares last traded at $36.1920, with a volume of 958 shares trading hands.
Mitsubishi Electric Trading Up 3.6%
The firm has a market capitalization of $78.54 billion, a PE ratio of 38.91 and a beta of 0.63. The firm has a 50 day simple moving average of $36.48 and a 200 day simple moving average of $36.25.
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 Stories
- Five stocks we like better than Mitsubishi Electric
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
- AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings Test
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.
