Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $31.6460, but opened at $33.69. Mitsubishi Electric shares last traded at $33.69, with a volume of 5,435 shares.
Mitsubishi Electric Stock Performance
The business has a 50-day moving average of $35.60 and a 200-day moving average of $36.55. The stock has a market capitalization of $67.64 billion, a price-to-earnings ratio of 33.51 and a beta of 0.63.
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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