Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shot up 5.9% during trading on Friday. The company traded as high as $30.93 and last traded at $30.93. Approximately 132 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 11,347 shares. The stock had previously closed at $29.2040.
Mitsubishi Electric Stock Performance
The firm has a market capitalization of $62.66 billion, a P/E ratio of 31.04 and a beta of 0.63. The firm’s 50-day moving average is $32.75 and its 200 day moving average is $35.42.
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 technologies and systems for industrial, infrastructure, commercial and consumer applications.
Its products and services include factory automation equipment, industrial robots, control systems, power-generation and distribution equipment, transportation systems, elevators and escalators, air-conditioning and building systems, and automotive equipment.
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