Shares of Mitsubishi Electric Co. (OTCMKTS:MIELF – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.0060, but opened at $38.6560. Mitsubishi Electric shares last traded at $37.00, with a volume of 1,000 shares trading hands.
Mitsubishi Electric Price Performance
The stock has a 50-day moving average price of $36.12 and a 200-day moving average price of $36.41. The company has a market capitalization of $82.95 billion, a P/E ratio of 41.10 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.
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