Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $35.55, but opened at $32.01. Mitsubishi Electric shares last traded at $32.01, with a volume of 274 shares changing hands.
Mitsubishi Electric Trading Up 9.1%
The firm has a market capitalization of $76.35 billion, a PE ratio of 37.83 and a beta of 0.63. The stock’s 50 day moving average price is $35.78 and its two-hundred day moving average price is $36.62.
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.
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