Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) saw unusually-high trading volume on Friday . Approximately 40,366 shares changed hands during trading, an increase of 234% from the previous session’s volume of 12,088 shares.The stock last traded at $31.6340 and had previously closed at $31.6580.
Mitsubishi Electric Stock Down 0.1%
The stock has a market cap of $67.92 billion, a price-to-earnings ratio of 33.65 and a beta of 0.63. The company’s 50-day simple moving average is $35.36 and its 200-day simple moving average is $36.47.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japan-based global manufacturer of electrical and electronic equipment. Founded in 1921 and headquartered in Tokyo, the company develops products and systems for residential, commercial, industrial and infrastructure applications.
Its businesses include energy and electric systems, factory automation and industrial control equipment, building systems such as elevators and escalators, automotive equipment, information and communications systems, electronic devices and semiconductors, and home appliances.
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