Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) shot up 19.7% on Friday . The stock traded as high as $36.35 and last traded at $36.35. Approximately 3,157 shares were traded during trading, a decline of 77% from the average daily volume of 13,703 shares. The stock had previously closed at $30.36.
Mitsubishi Electric Price Performance
The stock has a market cap of $75.80 billion, a P/E ratio of 37.55 and a beta of 0.63. The business’s fifty day moving average price is $36.54 and its 200 day moving average price is $36.22.
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.
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