Mitsubishi Electric (OTCMKTS:MIELF) Reaches New 1-Year High – Should You Buy?

Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF) hit a new 52-week high on Tuesday . The stock traded as high as $39.4120 and last traded at $39.4120, with a volume of 652 shares traded. The stock had previously closed at $38.07.

Mitsubishi Electric Price Performance

The business has a 50 day simple moving average of $32.88 and a 200 day simple moving average of $28.84. The company has a market capitalization of $84.63 billion, a price-to-earnings ratio of 41.93 and a beta of 0.63.

Mitsubishi Electric Company Profile

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.