Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $36.5360, but opened at $38.5260. Mitsubishi Electric shares last traded at $38.5260, with a volume of 6,577 shares trading hands.
Mitsubishi Electric Trading Up 5.4%
The company has a 50 day moving average of $37.80 and a 200 day moving average of $34.27. The firm has a market cap of $82.72 billion, a price-to-earnings ratio of 40.99 and a beta of 0.63.
About Mitsubishi Electric
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.
Featured Stories
- Five stocks we like better than Mitsubishi Electric
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Mitsubishi Electric Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitsubishi Electric and related companies with MarketBeat.com's FREE daily email newsletter.
