Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) traded down 8.8% on Tuesday . The stock traded as low as $36.00 and last traded at $36.00. Approximately 763 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 12,800 shares. The stock had previously closed at $39.4695.
Mitsubishi Electric Price Performance
The firm has a market capitalization of $77.94 billion, a price-to-earnings ratio of 38.62 and a beta of 0.63. The business has a 50 day moving average of $36.12 and a 200 day moving average of $36.72.
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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