Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report)’s stock price shot up 8% on Monday . The stock traded as high as $35.36 and last traded at $35.36. 540 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 14,213 shares. The stock had previously closed at $32.74.
Mitsubishi Electric Stock Performance
The firm has a market cap of $72.53 billion, a PE ratio of 35.94 and a beta of 0.63. The stock’s fifty day moving average price is $37.66 and its 200-day moving average price is $36.06.
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.
Featured Stories
- Five stocks we like better than Mitsubishi Electric
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
- Amazon’s AI Spending Is About to Face Its Most Important AWS Test Yet
- AI Data Centers Need Power, and These 2 Industrials Are Cashing In
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.
