Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shares gapped down prior to trading on Tuesday. The stock had previously closed at $33.7920, but opened at $32.50. Mitsubishi Electric shares last traded at $32.50, with a volume of 4,271 shares trading hands.
Mitsubishi Electric Stock Performance
The company’s fifty day moving average price is $34.55 and its two-hundred day moving average price is $36.16. The firm has a market capitalization of $69.78 billion, a PE ratio of 34.57 and a beta of 0.63.
About Mitsubishi Electric
Mitsubishi Electric Corporation is a Japanese technology and manufacturing company that develops and supplies electrical and electronic equipment for industrial, commercial and consumer applications. Founded in 1921, the company is part of the broader Mitsubishi group and serves customers in Japan and international markets.
Its business activities include factory automation and industrial control systems, power-generation and transmission equipment, transportation systems, elevators and escalators, building-management systems, and information and communications equipment.
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